Pctel Inc Stock Price, News & Analysis

PCTEL, Inc. (PCTI) has received certification from the FCC for its Industrial IoT Radio Module, RM-WIFI-AC-2X2-HP. This module supports 5 GHz WiFi bands, enhancing operational efficiency for various sectors like manufacturing, mining, and utilities. The certification marks a key step in PCTEL's strategy to broaden its Industrial IoT device offerings within the U.S. market. The module has also secured European regulatory approval, showcasing its potential for international use.

PCTEL, Inc. (Nasdaq: PCTI) reported a 15.2% year-over-year revenue increase, totaling $25.0 million for Q2 2022. The gross profit margin reached 45.8%, with GAAP net income at $0.4 million, or $0.02 per diluted share. Non-GAAP net income stood at $1.8 million, or $0.10 per diluted share. Adjusted EBITDA rose 18% to $2.6 million. The company launched a new 10-in-1 antenna and received multimillion-dollar orders for its test & measurement products. Looking ahead, Q3 revenue is projected between $25.5 million and $26.5 million.

PCTEL, Inc. (PCTI) has appointed Alpha IR Group as its new investor relations advisor. This strategic move is aimed at enhancing investor messaging and expanding its institutional investor base. CEO David Neumann expressed optimism about Alpha IR's ability to provide valuable insights into capital markets, while Alpha IR's CEO Chris Hodges highlighted the compelling growth opportunities for PCTEL. This partnership underscores PCTEL's commitment to sharpening its investor communications strategy as it pursues its growth objectives in the telecommunications sector.

PCTEL, Inc. (NASDAQ: PCTI) launched SeeHawk Monitor, an automated spectrum monitoring system aimed at enhancing communication for first responders and critical networks. The system addresses interference issues that can jeopardize safety by allowing continuous monitoring across multiple radio sites. It includes features for real-time spectrum analysis and uplink signal testing, ensuring compliance with fire safety codes. This product will be demonstrated at the NASFM Fire Prevention & Safety Symposium on August 2 in Las Vegas, with shipments expected in Q4 2022.

PCTEL, a leader in wireless technology, will release its second quarter 2022 financial results on August 9, 2022, followed by an earnings conference call at 4:30 p.m. ET. The call will be led by CEO David Neumann and CFO Kevin McGowan. Interested parties can access the call at (877) 545-0523 for the US and Canada, or (973) 528-0016 for international callers, using access code 556919. A webcast option is also available, with a replay accessible for two weeks after. This announcement reflects PCTEL's ongoing commitment to transparency and communication with stakeholders.

PCTEL, Inc. (NASDAQ: PCTI) has announced a regular quarterly dividend of $0.055 per share, payable on August 15, 2022, to shareholders on record as of August 8, 2022. The company expects these payments to qualify as a return of capital for U.S. income tax purposes. For further details, shareholders can refer to IRS Form 8937 on the company's website.

PCTEL, Inc. (PCTI) announced multimillion-dollar orders for 5G scanning receivers from two major OEM customers. The orders encompass Gflex® and HBflex™ models, slated for delivery by the end of 2022. The Gflex scanning receiver is designed for multi-carrier 5G network testing across various frequency bands and is the first to support the full bandwidth of a 100 MHz 5G channel. PCTEL’s products serve a broad range of applications, including network optimization and troubleshooting.

PCTEL (PCTI) announced the receipt of the CE Declaration of Conformity in Europe for its industrial-grade IoT Radio Module, RM-WIFI-AC-2X2-HP. This high-power 802.11ac WiFi module is designed for Industrial IoT applications across various sectors, including utilities and manufacturing. Its small form factor and robust capabilities aim to enhance operational efficiency and connectivity. PCTEL's strategy includes expanding its Industrial IoT devices market in Europe, with additional offerings in antennas and wireless solutions.

PCTEL, Inc. has launched its new 5G FR1, 10-in-1 combination antenna portfolio, the CMTA, aimed at enhancing connectivity for rail, fleet, and mass transit applications. Designed for extreme conditions, the CMTA ensures that hi-rail vehicles remain within designated tracks, vital for safety and operational efficiency. The antennas comply with EN50155 and AAR railway standards, ensuring robust construction. Additionally, they are compatible with leading multi-carrier cellular routers, enhancing their utility across various industrial applications.