reports
Maury Microwave Completes Acquisition of Wireless Telecom Group
Maury Microwave Completes Acquisition of Wireless Telecom Group Parsippany, New Jersey, USA, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that Maury Microwave, a leading provider of state-of-the-art RF measurement and interconnect solutions for wireless communication technologies, completed its previously announced acquisition of WTT. “The combination of Maury Microwave and WTT, including its prominent test and measurement divisions Boonton, Holzworth, and Noisecom, will enable us...
Wireless Telecom Group Shareholders Approve Acquisition by Maury Micro...
Wireless Telecom Group Shareholders Approve Acquisition by Maury Microwave Parsippany, New Jersey, USA, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that its shareholders voted to approve the previously announced merger agreement, pursuant to which, among other things, WTT will be acquired by Maury Microwave Inc. (“Maury”), a leading provider of state-of-the-art radio frequency measurement and interconnect solutions for wireless communication technologies. The merger is expected t...
Wireless Telecom Group to Showcase Products that Accelerate the Develo...
Wireless Telecom Group to Showcase Products that Accelerate the Development of Next-Generation Wireless Systems at IMS 2023 Parsippany, New Jersey, USA, June 13, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group (NYSE American: ), announced today that its test and measurement brands – , , and – will showcase industry-leading instruments with the performance and capability necessary for accelerating the development of next-generation wireless systems during at Booth 1619. Product demonstrations will feature specialized capabilities across amplifier characterization, high-performance RF sig...
Wireless Telecom Group Announces the Sale of the Company to Maury Micr...
Wireless Telecom Group Announces the Sale of the Company to Maury Microwave, Inc. Shareholders to Receive $2.13 Per Share in Cash Parsippany, New Jersey, USA, May 25, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ) (the “Company” or “WTT”), a leading test & measurement solutions provider, today announced that it entered into a definitive merger agreement to be acquired by Maury Microwave, Inc. (“Maury”) in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of directors of each company, Maury will acquire...
WIRELESS TELECOM GROUP ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS
WIRELESS TELECOM GROUP ANNOUNCES FIRST QUARTER 2023 FINANCIAL RESULTS Highlights for the quarter ended March 31, 2023: Revenue of $5.2 million compared to $6.1 million for the same period last yearGross profit of $2.9 million compared to $3.5 million for the same period last yearNet loss from continuing operations of $(941,000), compared to a net loss from continuing operations of $(796,000) for the same period last yearNon-GAAP Adjusted EBITDA of $(123,000), compared to Non-GAAP Adjusted EBITDA of $455,000 for the same period last yearBookings of $5.2 million in the quarter and backlog ...
WIRELESS TELECOM GROUP ANNOUNCES FOURTH QUARTER AND YEAR-END 2022 FINA...
WIRELESS TELECOM GROUP ANNOUNCES FOURTH QUARTER AND YEAR-END 2022 FINANCIAL RESULTS Highlights 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 $256,000, ...
Wireless Telecom Group to Showcase Powerful Test Capabilities for Sate...
Wireless Telecom Group to Showcase Powerful Test Capabilities for Satellite Communications Networks at SATELLITE 2023 Parsippany, New Jersey, USA, March 09, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), announced today that its test and measurement brands , , and will showcase unique instrument capabilities for analyzing critical network performance metrics for satellite communications during . Many new satellites are being launched into low Earth orbit (LEO) to deliver low-latency communications for various commercial and military applications, including ub...
Wireless Telecom Group Announces Closing of Transaction with E-Space
Wireless Telecom Group Announces Closing of Transaction with E-Space Parsippany, New Jersey, USA, Dec. 30, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ) (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 strategic alternatives. As a res...
Wireless Telecom Group Announces the Sale of CommAgility, its Radio, B...
Wireless Telecom Group Announces the Sale of CommAgility, its Radio, Baseband and Software Segment, to E-Space Parsippany, New Jersey, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ) (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...
WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS
WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER 2022 FINANCIAL RESULTS Highlights 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 million, compared to a non-GA...
WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS WILL ...
WIRELESS TELECOM GROUP ANNOUNCES THIRD QUARTER FINANCIAL RESULTS WILL BE RELEASED NOVEMBER 14, 2022 Parsippany, New Jersey, USA, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), 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 partici...
CommAgility Announces Intra-PHY 5G Handover to Enable Seamless Spectru...
CommAgility Announces Intra-PHY 5G Handover to Enable Seamless Spectrum Sharing Parsippany, New Jersey, USA, Oct. 06, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American:) announced today that its 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 the services. This is import...
Wireless Telecom Group Provides Third Quarter Business Update
Wireless Telecom Group Provides Third Quarter Business Update Parsippany, New Jersey, USA, Sept. 28, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ) announced today that third quarter bookings and contract signatures are expected to exceed $10 million, as compared to the Company’s previous estimate of $8-10 million. The Company is seeing strong order flow in the Test & Measurement segment from the Aerospace and Defense industry and recently received several seven-figure purchase orders. In addition, the Radio, Baseband, Software segment has recently received add...
WIRELESS TELECOM GROUP ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS
WIRELESS TELECOM GROUP ANNOUNCES SECOND QUARTER 2022 FINANCIAL RESULTS Highlights for the quarter ended June 30, 2022: ●Revenue of $6.1 million compared to $7.8 million for the same period last year●Gross profit of $3.4 million compared to $4.4 million for the same period last year●Consolidated gross profit margin of 56.3%, compared to 56.2% for the same period last year●$13.3 million in cash on balance sheet as of June 30, 2022, and no debt Highlights for the six months ended June 30, 2022: ●Test & Measurement revenue increased 6.5% compared to the same period last year●Net loss from conti...
WIRELESS TELECOM GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS WILL...
WIRELESS TELECOM GROUP ANNOUNCES SECOND QUARTER FINANCIAL RESULTS WILL BE RELEASED AUGUST 9, 2022 Parsippany, New Jersey, USA, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), a leader in wireless communications and radio frequency instrumentation, announced it will release its financial results for the three and six months ended June 30, 2022 on Tuesday, August 9, 2022, before the market opens. The Company will host a conference call on Tuesday, August 9, 2022 at 8:30 am EDT in which management will discuss its financial results. To participate in the ...
Wireless Telecom Group Provides Business Update at 2022 Annual Shareho...
Wireless Telecom Group Provides Business Update at 2022 Annual Shareholders Meeting Experienced investment bank engaged to help evaluate a full range of strategic alternatives Strong expected July contract signatures and bookings follows lower first half revenue performance Management believes recent wins, strong backlog support revenue growth in the second half of 2022 Management and the Board focused on creating value for shareholders Parsippany, New Jersey, USA, July 29, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), today announced that ma...
CommAgility Introduces 5G Network Listening Mode Software to Cut Devel...
CommAgility Introduces 5G Network Listening Mode Software to Cut Development Time for Small Cells Parsippany, New Jersey, USA, July 25, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American:) announced today that its brand has introduced a Network Listening Mode (NLM) software product to support quick and seamless deployments of 5G small cells. With the new software, 5G small cell developers can easily integrate NLM capabilities to enable small cells to complete vital synchronization, network monitoring, and configuration steps automatically. Providing an efficient way of ...
Noisecom Sets New Performance Benchmark with Introduction of 60 GHz Ji...
Noisecom Sets New Performance Benchmark with Introduction of 60 GHz Jitter Noise Generator and New J7000B Platform Parsippany, New Jersey, USA, June 21, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), announced today that its brand has introduced a new, industry-leading 60 GHz jitter noise generator, setting a new benchmark for high frequency noise generation in a programmable instrument. Along with the introduction of this record-setting performance, the full line of Noisecom J7000B jitter noise generators from 10 MHz to 60 GHz are now being built using the inno...
Wireless Telecom Group to Showcase Specialized Solutions for RF, Micro...
Wireless Telecom Group to Showcase Specialized Solutions for RF, Microwave, and 5G Testing at IMS 2022 Parsippany, New Jersey, USA, June 15, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ), announced today that it will showcase its latest products and technologies that enable the development, test, and deployment of next generation wireless communications and connectivity during at Booth 8019. Product demonstrations will highlight the company’s specialized solutions for RF, microwave, and 5G testing. In addition to exhibiting innovative products and in-booth demon...
Boonton Enters Noise Generation Market with New NGX1000 Programmable N...
Boonton Enters Noise Generation Market with New NGX1000 Programmable Noise Generator Delivering an Easy-to-Use Solution in a Compact Form Factor New product combines functionality of Noisecom noise generators in the compact form factor of Boonton PMX40 power meter and SGX1000 signal generator Parsippany, New Jersey, USA, May 26, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: ) announced today that its brand has entered the noise generation market with the introduction of the NGX1000 Programmable Noise Generator, a new series of instruments that deliver a fast, sim...
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