Pctel Inc Stock Price, News & Analysis

PCTEL, Inc. (Nasdaq: PCTI) reported its Q4 and full-year results for 2020, noting revenues of $21.2 million for the quarter and $77.5 million for the year, reflecting declines of 7.5% and 14.5% respectively compared to 2019. The test and measurement product line saw a 9.5% revenue increase, while the antenna line decreased by 15.2%. Gross profit margin stood at 50.1% for Q4 and 49.0% for the year. GAAP net income per diluted share was $0.10 for Q4 and $0.18 for the year, down from 2019. CEO David Neumann expressed optimism about increasing demand for antennas and 5G solutions.

PCTEL, Inc. (Nasdaq: PCTI) will announce its fourth quarter 2020 financial results on February 25, 2021, followed by a conference call at 4:30 p.m. ET featuring CEO David Neumann and CFO Kevin McGowan. The call can be accessed via phone or webcast, with a replay available for two weeks. PCTEL focuses on providing wireless technology solutions, including Industrial IoT devices, antenna systems, and test and measurement solutions, established as a trusted partner in the industry for over 25 years.

PCTEL, Inc. (Nasdaq: PCTI) announced a change in the payment date for its quarterly dividend of $0.055 per share, now scheduled for February 12, 2021, for shareholders of record on February 8, 2021. This adjustment shifts the payment from the previously announced date of February 15, 2021. The company indicates that its 2021 dividend payments will constitute a return of capital for U.S. tax purposes, a detail that can be reviewed in IRS Form 8937 available on their website.

PCTEL, Inc. (Nasdaq: PCTI) has announced a distribution agreement with SYNNEX Corporation, enhancing its antenna business in the Industrial IoT market. PCTEL's innovative antenna portfolio will leverage SYNNEX's strong customer relations to drive digital transformation. This strategic partnership aims to capitalize on growth opportunities within the Industrial IoT sector, benefiting both PCTEL and SYNNEX's clients in the public sector and federal markets as they embrace AI and cloud technology.

PCTEL, Inc. (Nasdaq: PCTI) has declared a quarterly dividend of $0.055 per share on its common stock, set for payment on February 15, 2021. Shareholders of record as of February 8, 2021 will receive this dividend. The company anticipates that the 2021 dividends will be classified as a return of capital for U.S. income tax purposes. For further information, investors can access IRS Form 8937 on the company's website.

PCTEL, a leading provider of wireless technology, announced the launch of the TX2440 mmWave Transmitter, designed for both in-building and outdoor 5G network design. This portable transmitter enables engineers to perform real-world coverage testing, which is crucial for effective 5G deployment. Key features include user-selectable transmission from 24-40 GHz, lightweight design, and a high-performance antenna system. The transmitter aims to meet the growing demand for 5G services, reinforcing PCTEL's market leadership.

PCTEL, Inc. (Nasdaq: PCTI) has announced a strategic distributor agreement with Allied Electronics & Automation, aimed at enhancing its distribution channels in the industrial automation sector. This partnership is expected to leverage Allied’s extensive customer base and sales strategies alongside PCTEL’s diverse antenna offerings, including GPS and Mobile products. PCTEL's Vice President, Arnt Arvik, and Allied's Product Director, Marie Dawson, expressed enthusiasm about the collaborative opportunities this agreement presents in response to the growing demand for innovative wireless solutions.

PCTEL, Inc. (Nasdaq: PCTI) has announced the availability of P25 uplink signal quality measurements on its solutions for testing public safety radio networks, enhancing communication for first responders. This feature aims to simplify and expedite the testing process, replacing manual voice quality tests. The new measurements will facilitate quicker compliance with building codes in jurisdictions requiring uplink testing, thus streamlining the occupancy permit process. Key products supporting this functionality include IBflex® and HBflex™ scanning receivers, along with SeeHawk® software.

PCTEL, a prominent provider of wireless technology, announced participation in the virtual Southwest IDEAS Investor Conference on November 19, 2020. CEO David Neumann and CFO Kevin McGowan will present at the conference, with their presentation available starting 7:00 am CDT on November 18. Registered attendees can access it through www.IDEASconferences.com and a webcast will also be available in the investor relations section of PCTEL’s website.