Wireless Tel Stock Price, News & Analysis

Wireless Telecom Group has launched the NGX1000 Programmable Noise Generator, enhancing its Boonton brand portfolio. This innovative device provides RF and microwave noise generation for testing communications systems, covering a frequency range of 10 MHz to 3 GHz. The NGX1000 features a user-friendly touch screen interface and is designed for various industries, including semiconductor, military, and aerospace. It will be showcased at the IMS event in Denver from June 21-23, 2022, with availability later this year.

Wireless Telecom Group (NYSE American: WTT) has launched the SC-RF4-5Gn78, a new four-channel small cell platform designed for high-performance 5G applications. This standalone gNodeB platform is tailored for indoor use, featuring four RF channels with up to 100 MHz bandwidth each, enabling high data rates and fulfilling 4x4 MIMO downlink requirements. CommAgility’s platform integrates advanced software and hardware, significantly reducing development risks. The solution is customizable, allowing modifications for specific customer needs, streamlining 5G application deployment.

Wireless Telecom Group, Inc. (WTT) announced a $4 million share repurchase program, authorized by its Board of Directors, aimed at enhancing shareholder value. This amount represents about 11% of the company's current market capitalization. The repurchase program is set to expire on December 31, 2022. CEO Tim Whelan emphasized the company's strong balance sheet and commitment to returning excess capital while supporting growth initiatives. Repurchase transactions may occur through various methods in accordance with applicable federal securities laws.

Wireless Telecom Group (WTT) reported Q1 2022 results showing revenue of $7.6 million, down from $8.2 million year-over-year. The company completed the sale of Microlab for $24.25 million, improving cash on hand to $19.1 million. Test & Measurement revenues grew 13.7% year-over-year to $6.1 million. However, the GAAP net loss increased to $(1.5) million from $(475,000) in the prior year. Non-GAAP adjusted EBITDA also fell to $(70,000) compared to $357,000 last year. Despite challenges, the company expects growth in the second half of 2022, driven by new contracts and operational adjustments.

Wireless Telecom Group (NYSE American: WTT) announced it will release its financial results for Q1 2022 on May 11, 2022, before market opening. A conference call is scheduled for the same day at 8:30 am EDT to discuss the results. Interested participants can join by calling 800-346-7359 or 973-528-0008, and the identification number is 818215. The call will also be webcast live and a replay will be available on the company's website.

Wireless Telecom Group (NYSE: WTT) reported strong financial results for the year ended December 31, 2021, with net revenues reaching $49.2 million, a 18% increase year-over-year. The gross profit was $25.1 million, accounting for 50.9% of revenue, and net income improved to $1.5 million from a loss of $8.1 million the previous year. Adjusted EBITDA rose to $3.7 million, up from $1.8 million. The company also saw a 30% increase in backlog, totaling $9.2 million, signaling positive growth prospects.

Wireless Telecom Group (WTT) will showcase innovative solutions for satellite communications at SATELLITE 2022 in Washington, D.C., from March 21 to 24, 2022. The presentations will highlight testing methods for overcoming RF interference challenges posed by the rising number of low Earth orbit satellites. Key demonstrations include signal generation and noise generation to assess satellite system resilience. Industry experts emphasize the importance of 5G TDD for effective satellite communications, revealing how rapid signal switching can enhance network reliability.

Wireless Telecom Group (NYSE American: WTT) will release its Q4 and full year 2021 financial results on March 17, 2022, before the market opens. A conference call will take place on the same day at 8:30 am EDT to discuss these results, with participation available via phone or webcast. This announcement highlights the company's ongoing commitment to transparency and investor engagement.

Wireless Telecom Group (NYSE American: WTT) has completed the sale of Microlab to RF Industries, effective March 1, 2022. CEO Tim Whelan emphasized this marks a transformative move for the company, enhancing its competitive position in the Test & Measurement and Radio, Baseband, and Software segments. In 2021, these segments collectively earned $31.5 million in revenue, with significant year-over-year growth in revenue (30.8%), bookings (12.7%), and backlog (30.4%). The company has also repaid its Term Loan Facility, improving its liquidity and balance sheet.