Welcome to our dedicated page for Wireless Telecom Group news (Ticker: WTT), a resource for investors and traders seeking the latest updates and insights on Wireless Telecom Group stock.
Wireless Telecom Group, Inc. (WTT) is a leading global designer and manufacturer of advanced RF and microwave components, modules, systems, and instruments. The company, comprising Boonton Electronics, CommAgility, Microlab, and Noisecom, serves a wide array of industries including wireless, telecommunication, satellite, military, aerospace, semiconductor, and medical.
Wireless Telecom Group's products enable innovation across traditional and emerging wireless technologies. Their high-performance offerings include peak power meters, signal analyzers, signal processing modules, LTE PHY and stack software, power splitters and combiners, GPS repeaters, public safety monitors, noise sources, and programmable noise generators.
With a strong focus on supporting the development, testing, and deployment of wireless technologies, Wireless Telecom Group has made significant strides in recent years. They have expanded their product lines and enhanced their technological capabilities to meet the evolving needs of their diverse customer base.
Financially, the company has maintained a stable condition, demonstrating resilience and adaptability in a competitive market. Strategic partnerships and collaborations have bolstered their market presence, positioning them as a trusted partner in the industries they serve.
For more information or to contact Wireless Telecom Group, Inc., visit their website or reach out via the provided contact details:
- Michael Kandell, Investor Contact, 25 Eastmans Road, Parsippany, NJ 07054, Tel: (973) 386-9696, Fax: (973) 386-9191
- Maria Droge, Marketing Contact, Tel: (973) 386-9696
Wireless Telecom Group (WTT) has launched a new 5G Small Cell reference platform, the SC-RF2-5Gn78, designed to streamline the development of 5G solutions. This platform integrates advanced software and hardware technologies from CommAgility and NXP, reducing time-to-market and risk for developers. Key features include dual 40MHz RF channels and the capability for future upgrades. The new platform aims to support a variety of 5G projects, including private networks and military applications, showcasing WTT's commitment to advancing 5G technology.
Wireless Telecom Group (NYSE American: WTT) has launched new sensors in the RTP4000 Real-Time True Average Power Sensor series under the Boonton brand. The RTP4018 and RTP4118 sensors deliver true average RF power measurements across a frequency range of 4 kHz to 18 GHz, achieving speeds of up to 100,000 readings per second. These advancements allow for significant reductions in test times and enhanced measurement capabilities for various applications in industries like semiconductor, military, and aerospace.
Wireless Telecom Group (NYSE American: WTT) announced that its CommAgility brand has joined the O-RAN ALLIANCE, enhancing collaboration on Open Radio Access Network (RAN) products. This membership grants access to O-RAN specifications and interoperability testing, allowing CommAgility to develop products aligned with these standards. The partnership aims to accelerate the adoption of virtualized architectures, reducing costs and speeding up the deployment of 5G networks. The O-RAN ALLIANCE consists of over 300 members, focusing on creating a more competitive RAN ecosystem.
Wireless Telecom Group (NYSE American: WTT) announced that its Microlab brand has been selected to enhance the cellular network at SoFi Stadium, supporting increased capacity and 5G densification. This follows previous integrations aimed at optimizing wireless coverage for large events. The ultra-wideband solutions are designed to adapt to evolving 5G requirements, ensuring robust connectivity during peak occupancy. The product range includes combiners, filters, and other components, providing flexibility for future network demands.
Wireless Telecom Group (NYSE American: WTT) announced a $3.7 million voluntary pre-payment, approximately 47% of its term loan balance to Muzinich BDC, Inc. This strategic move, funded by current cash and revolving credit, also involved negotiating amendments that lowered the interest rate on remaining amounts. CFO Mike Kandell highlighted that this action reflects improved financial results and liquidity, with an anticipated annual interest expense reduction of $380,000. The company remains focused on investing in growth while enhancing positive free cash flow.
Wireless Telecom Group (WTT) has expanded its Microlab brand portfolio with new SMART couplers and DC Pass Tappers, enhancing their innovative SMART technology for public safety applications. The SMART Couplers, optimized for public safety bands, are cost-effective for larger deployments. These products, which include active diagnostics for system monitoring and failure detection, are crucial for compliance with evolving safety regulations. Microlab will showcase these innovations at the International Wireless Communications Expo from September 27-30, 2021.
Wireless Telecom Group (WTT) announced that Shared Spectrum Company has selected their 5G hardware and software for a U.S. Department of Defense project. This initiative aims to develop dynamic spectrum sharing technologies which will enhance spectrum availability for new users while minimizing the impact on existing systems. CommAgility's integrated 5G solutions will play a crucial role in this project, utilizing their comprehensive software and hardware portfolio to support innovative spectrum sharing applications.
Wireless Telecom Group (NYSE American: WTT) reported second-quarter 2021 results with net revenues of $12.0 million, an 8.2% increase from the previous year. Gross profit stood at $6.1 million, maintaining a gross profit margin of 51.0%. The company achieved net income of $1.5 million, aided by a $2.0 million gain from PPP loan forgiveness. Non-GAAP adjusted EBITDA was $864,000, reflecting improved profitability. The backlog reached $12.5 million, the highest in over four years, with new customer orders totaling $14.5 million.
Pivotal Commware, in partnership with CommAgility, has integrated CommAgility's software into its Echo 5G and Pivot 5G repeaters, which enhance 5G mmWave broadband service. This integration aims to lower costs while providing better coverage and performance. The repeaters are designed for both indoor and outdoor use, leveraging NXP's Layerscape chipset and Pivotal’s Holographic Beam Forming technology for optimal performance. This collaboration is set to help mobile operators enhance their 5G services, combining speed, low latency, and cost efficiency.
Wireless Telecom Group (NYSE American: WTT) will release its 2nd quarter financial results on August 11, 2021, before the market opens. A conference call will take place at 8:30 am EDT on the same day, where management will discuss the results. Investors can join by dialing 800-346-7359 or 973-528-0008, with identification number 248319. The call will also be available for webcasting online. Following the call, a replay will be accessible on the company's website.
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