Wireless Telecom Group, Inc. (WTT) News
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Latest WTT News From Around the Web
Below are the latest news stories about WIRELESS TELECOM GROUP INC that investors may wish to consider to help them evaluate WTT as an investment opportunity.
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WIRELESS TELECOM GROUP ANNOUNCES FOURTH QUARTER AND YEAR-END 2022 FINANCIAL RESULTSHighlights for the quarter ended December 31, 2022: Successful sale the CommAgility business on December 30, 2022 which raised approximately $12.2 million of net proceeds. Results of CommAgility are presented as discontinued operations.Net revenues of $6.7 million, an increase of 14.3% compared to the same period last yearGross Profit of $4.0 million, or 60.0% of net revenue, compared to $3.3 million, or 55.5% of revenue in the same period last yearNet income from continuing operations of $256,0 |
Wireless Telecom Group to Showcase Powerful Test Capabilities for Satellite Communications Networks at SATELLITE 2023Parsippany, New Jersey, USA, March 09, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), announced today that its test and measurement brands Boonton, Holzworth, and Noisecom will showcase unique instrument capabilities for analyzing critical network performance metrics for satellite communications during SATELLITE 2023 at Booth 2732. Many new satellites are being launched into low Earth orbit (LEO) to deliver low-latency communications for various commercial and milita |
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Wireless Telecom Group Announces Closing of Transaction with E-SpaceParsippany, New Jersey, USA, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (the “Company”) today announced the completion of its previously announced sale of CommAgility Ltd., to global space company, E-Space, in a transaction valued at $14.5 million, inclusive of $13.75 million in cash consideration and a $750,000 note payable, subject to agreed-upon reductions. The transaction was the result of the Company’s previously disclosed process for evaluating stra |
E-Space Announces Definitive Agreement to Acquire CommAgility from the Wireless Telecom GroupE-Space, a global space company focused on bridging Earth and space with the world's most sustainable low Earth orbit (LEO) network, announced today it entered into a definitive agreement to acquire CommAgility from the Wireless Telecom Group, Inc. (NYSE: WTT). CommAgility is the largest stand-alone developer of embedded signal processing and Radio Frequency (RF) modules, with its own LTE PHY/stack source code for commercial grade 4G and 5G mobile networks, air-to-ground (ATG), satellite communi |
Wireless Telecom Group Announces the Sale of CommAgility, its Radio, Baseband and Software Segment, to E-SpaceParsippany, New Jersey, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (the “Company”) today announced it entered into a definitive agreement to sell its radio, baseband and software segment, CommAgility LTD., to global space company, E-Space. The purchase price is $14.5 million, inclusive of $13.75 million in cash consideration and a $750,000 note payable, subject to agreed-upon reductions. The transaction was the result of the Company’s previously disc |
WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTSHighlights for the quarter ended September 30, 2022: Net revenues of $5.3 million, a decrease of 27.7% from the same period last yearGross profit of $2.7 million, gross profit margin of 49.9%, compared to gross profit margin of 54.8% for the same period last yearGAAP operating loss of $2.6 million compared to $2.1 million in the same period last yearNet loss from continuing operations of $2.3 million, compared to $1.2 million in the same period last yearNon-GAAP adjusted EBITDA loss of $1.4 mill |
WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS WILL BE RELEASED NOVEMBER 14, 2022Parsippany, New Jersey, USA, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its financial results for the three and nine months ended September 30, 2022 on Monday, November 14, 2022, after the market closes. The Company will host a conference call on Monday, November 14, 2022 at 4:30 pm EST in which management will discuss its financial results. To participate |
CommAgility Announces Intra-PHY 5G Handover to Enable Seamless Spectrum SharingParsippany, New Jersey, USA, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American:WTT) announced today that its CommAgility brand has introduced a capability for intra-PHY handover across two frequencies to its 5G systems, for straightforward spectrum sharing and frequency collision avoidance. This new capability, an industry first from any independent software vendor, allows a 5G connection to seamlessly move from one carrier frequency to another without interruption of |