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) announced preliminary results for Q2 2021, forecasting revenues of $12.0 million, an 8% rise from $11.1 million in Q2 2020. The company also estimates bookings at $14.5 million, up 13% sequentially from Q1 2021. Additionally, the backlog is expected to reach $12.5 million, increasing from $10.0 million in Q1 2021. The company reported full forgiveness of its $2.0 million PPP loan under the CARES Act. CEO Tim Whelan expressed optimism about sustained growth and positive momentum across the business.
Wireless Telecom Group (NYSE American: WTT) has launched the SGX1000 RF Signal Generator, marking its entry into the signal generation market. This series features ultra-fine frequency resolution, fast switching, and low phase noise. Designed for multiple industries including semiconductor and aerospace, it covers frequencies from 10 MHz to 18 GHz. The SGX1000 is the first product combining the technologies of Boonton and Holzworth, highlighting the company's commitment to innovation and customer-driven solutions.
Wireless Telecom Group, Inc. (WTT) announced the launch of the Holzworth HSY RF Synthesizer, a high-performance RF synthesizer designed for multi-channel applications. The HSY Series features advancements in signal generation architecture that deliver superior phase noise and spectral purity from 10 MHz to 40 GHz. This product aims to serve sectors like semiconductor manufacturing and quantum computing, boasting flexibility with 1-4 independently tunable channels and precise frequency tuning options. The HSY Series represents a commitment to innovation in RF synthesis technology.
Wireless Telecom Group (WTT) announced four new 5G software and services contracts in H1 2021, totaling over $2 million in new orders with a potential value exceeding $6 million. The company's CommAgility brand is engaged in diverse 5G projects, including mmWave repeaters and private networks, customizing software to meet client needs. CEO Tim Whelan expressed optimism about the growing pipeline of 5G opportunities, positioning Wireless Telecom Group for leadership in enterprise and commercial networks development.
Wireless Telecom Group (WTT) will join the Russell Microcap Index on June 28, 2021, following the annual reconstitution. This inclusion, according to CEO Tim Whelan, validates the company’s strategies for revenue and profit growth and is expected to enhance visibility and investor awareness. The Russell Microcap Index includes companies based on objective market-capitalization rankings, and approximately $10.6 trillion in assets are benchmarked against Russell indexes, indicating a significant market presence.
Wireless Telecom Group, Inc. (NYSE American: WTT) reported Q1 2021 results with net revenues of $11.3 million, a 20.1% increase year-over-year. Gross profit reached $5.9 million, with a gross profit margin of 52.5%. The company incurred a net loss of $233,000, an improvement from $1.1 million loss in Q1 2020. Adjusted EBITDA was $671,000, up from a loss of $308,000. The backlog increased to $10.0 million, reflecting growing operational momentum and bookings.
Wireless Telecom Group will announce its 1st quarter financial results on May 13, 2021, before the market opens. A conference call is scheduled for 8:30 AM EDT on the same day, where management will discuss the financial results. Interested participants can join by dialing 800-346-7359 or 973-528-0008, using identification number 610542. The call will also be available via live webcast, with a recording accessible afterward on the company’s website.
Wireless Telecom Group (NYSE American: WTT) announced a partnership with BMC Otomotiv to provide custom Microlab components for advanced electronic countermeasure technology in military vehicles. The collaboration focuses on the development of vehicle jamming systems, enhancing the unique wireless requirements in specialized vehicles. This partnership lays a foundation for future growth in the automotive sector, as both companies aim to foster long-term innovation in RF solutions.
Wireless Telecom Group (WTT) announced the launch of the UFX7000B, a new programmable noise generator designed to meet the growing demands in wireless applications including 5G and GPS. This advanced product features a streamlined user interface and powerful single-board computer, enabling complex custom noise signals for high-performance testing. The UFX7000B aims to enhance the company's robust portfolio of noise generation solutions, solidifying its leadership in this sector.
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