Welcome to our dedicated page for Wireless Tel news (Ticker: WTT), a resource for investors and traders seeking the latest updates and insights on Wireless Tel stock.
Wireless Telecom Group, Inc. (NYSE: WTT) drives innovation in RF and microwave technology through its Boonton Electronics, CommAgility, Microlab, and Noisecom subsidiaries. This news hub provides essential updates for stakeholders tracking the company's role in advancing wireless infrastructure, defense systems, and semiconductor testing solutions.
Access official announcements including quarterly earnings reports, product launches for signal analysis equipment, and strategic collaborations across telecommunications and aerospace sectors. Our curated feed helps professionals monitor developments in 5G infrastructure support, public safety monitoring systems, and next-generation wireless testing methodologies.
Key updates cover regulatory compliance milestones, intellectual property advancements, and market expansion initiatives. Bookmark this page for real-time tracking of WTT's contributions to critical wireless ecosystems, from semiconductor validation tools to military-grade communication systems.
Wireless Telecom Group (WTT) appoints Alfred Rodriguez as Chief Revenue Officer, effective immediately. With over 20 years of experience in sales and business development, Rodriguez previously served at Xilinx, where he led significant growth. He will oversee global sales strategies and enhance business development, focusing on 5G investments and specialized private networks. Rodriguez's expertise in digital signal processing is expected to drive growth and strengthen customer relationships. The company aims to capitalize on market opportunities in wireless technologies.
Wireless Telecom Group (WTT) announced the expansion of Microlab's RF signal distribution solutions to incorporate new mid-band spectrum allocations. This includes frequencies from the Citizen Broadband Radio Service (CBRS), C-Band, and unlicensed 5G standards. These enhancements aim to optimize network capacity for the growing number of 5G devices, enabling Mobile Network Operators and system integrators to implement future-proof networks.
Dino Giordano, VP of Engineering, emphasized the importance of adapting to upcoming spectrum allocations for improved network performance and reduced costs.
Wireless Telecom Group (WTT) announced its Annual Shareholder Meeting scheduled for June 4, 2020, at 8:00 a.m. Eastern Time, to be held virtually. Shareholders can participate in voting and ask questions online during the meeting. Following the meeting, the company will present a strategy update, which will later be available for replay on their website.
WTT specializes in providing software and instruments for wireless communication development and testing, operating globally in diverse sectors including telecommunications and aerospace.
Wireless Telecom Group reported Q1 2020 net revenues of $9.429 million, a 27.6% decline from the previous year. The gross profit stood at $4.428 million, reflecting a 47.0% margin. The net loss widened to $1.147 million from $344,000 year-over-year. Despite a softening demand attributed to COVID-19, the company noted an increase in its customer order backlog of $4.901 million. Operating expenses decreased by 5.6% to $5.782 million. The company also secured a $2.0 million PPP loan, which should support liquidity for the next twelve months.
Wireless Telecom Group (WTT), based in Parsippany, New Jersey, has launched the PMX40 RF power meter, a versatile instrument designed to enhance RF testing across multiple industries, including semiconductor and military. The PMX40 integrates traditional benchtop capabilities with modern USB power sensor technology and features a user-friendly multi-touch display. It supports a frequency range of 4 kHz to 40 GHz and boasts superior performance metrics such as 100,000 measurements per second. This new product reinforces WTT's leadership in RF and microwave test equipment.
Wireless Telecom Group (NYSE American: WTT) has announced the release of its first-quarter 2020 financial results, scheduled for May 13, 2020, before the market opens. Following the results, a conference call at 8:30 AM EDT will allow management to discuss the outcomes. Interested participants can join by dialing 800-346-7359 or through a webcast. The company specializes in advanced RF and microwave components and serves various industries including telecommunications and aerospace.
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