Wireless Telecom Group, Inc., together with its subsidiaries, designs, develops, manufactures, and markets radio frequency (RF) and microwave devices in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers RF components and integrated subsystems for use in small cell deployments, distributed antenna systems, in-building wireless solutions, and cellular base-stations. It also provides power combiners, directional couplers, attenuators, terminators, and filters for broadband applications; and GPS digital repeaters and splitters for cellular timing synchronization, as well as a passive system monitors for real-time diagnostics of an in-building distributed antenna system. In addition, it offers power meters and sensors, voltmeters, and audio and modulation analyzers for radar, avionics, electronic warfare, electromagnetic interference compatibility, and satellite and wireless communications applications; and noise generation instruments, calibrated noise sources, noise modules, and diodes. Further, it provides noise analyzers and signal generators; embedded signal processing and radio frequency modules; and long-term evolution physical layer and stack software for 4G and 5G mobile network applications. The company serves wireless carriers, aerospace and defense companies, military and government agencies, satellite communication companies, network equipment manufacturers, tower companies, semiconductor companies, system integrators, neutral host providers, medical device manufacturers, and other technology companies. It markets its products under the Boonton, Microlab, Noisecom, Holzworth, and CommAgility brands through its in-house sales force, manufacturers' representatives, and distributors. Wireless Telecom Group, Inc. was incorporated in 1985 and is headquartered in Parsippany, New Jersey.
IPO Year: 1993
Exchange: AMEX
Website: wirelesstelecomgroup.com
The communications industry veteran brings years of experience to NWS Network Wireless Solutions, LLC ("NWS"), a rapidly growing solutions and logistics provider to carriers and telecommunications contractors, announced today the appointment of Michael Millegan to its board. NWS is a portfolio company of Grain Management, LLC ("Grain"), a leading Washington, D.C.-based investment firm focused on the global communications sector. Mr. Millegan is a seasoned technology executive with several years of experience leading company strategy, including sales, marketing, supply chain operations, cell site build-out, and engineering. Currently, Mr. Millegan serves as an independent board director fo
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Shareholders to Receive $2.13 Per Share in Cash Parsippany, New Jersey, USA, May 25, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (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 all the outstanding shares of the Company for an estimated total cash consideration of $2.13 per share. The consideration per share represents a premium of 34% to the Company's clos
Parsippany, 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 disclosed process for evaluating strategic alternatives. The Purchase Agreement includes customary terms and conditions, including certain adjustments to the purchase price based on transaction costs
Parsippany, 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 in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 542659. The call will also be webcast over the internet at the following: https://www.webcast
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 continuing operations of $(2.8) million, compared to net income from continuing operations of $651,000 for the same period last year●Non-GAAP adjusted net loss from continuing ope
Parsippany, New Jersey, USA, Aug. 02, 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 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 conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 455180. The call will also be webcast over the internet at the following URL: https://www.webcaster4.co
Highlights for the quarter ended March 31, 2022: Completed Microlab sale to RF Industries, Ltd. on March 1, 2022 for $24.25 million Repaid debt of $4.7 million and terminated Muzinich and Bank of America Credit Facilities $19.1 million in cash on balance sheet as of March 31, 2022 Revenue of $7.6 million compared to $8.2 million for the same period last year Test & Measurement revenue up 13.7% year-over-year to $6.1 million Gross profit of $4.4 million and gross margin of 57.3% compared to $4.9 million and 59.3% for the same period last year GAAP Net loss from continuing operations of $(1.5) million, compared to a net loss from continuing oper
Parsippany, New Jersey, USA, May 04, 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 months ended March 31, 2022 on Wednesday, May 11, 2022, before the market opens. The Company will host a conference call on Wednesday, May 11, 2022 at 8:30 am EDT in which management will discuss its financial results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 818215. The call will also be webcast over the internet at the following URL: https://www.webcaster4.com/Webcas
Highlights for the year ended December 31, 2021: ●Net revenues of $49.2 million, an increase of 18.0% compared to the same period last year●Gross Profit of $25.1 million, or 50.9% of net revenue, an increase of $4.1 million or 19.6% compared to the same period last year●Net income of $1.5 million, compared to a net loss of $8.1 million for the same period last year●Non-GAAP Adjusted EBITDA of $3.7 million, compared to Non-GAAP Adjusted EBITDA of $1.8 million for the same period last year●Cash provided by operations of $4.6 million, compared to $3.0 million for the same period last year●Excluding Microlab, backlog at December 31, 2021, was $9.2 million, a $2.1 million, or 30.4% year-ove
Parsippany, New Jersey, USA, March 10, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its fourth quarter and full year 2021 financial results on Thursday, March 17, 2022, before the market opens. The Company will host a conference call on Thursday, March 17, 2022 at 8:30 am EDT in which management will discuss its financial results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 501420. The call will also be webcast over the internet at the following URL: https://www.webcaster4.com/Webcast/Pa
Parsippany, New Jersey, USA, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE:WTT) (the "Company"), today announced preliminary unaudited revenue for the three and twelve months ended December 31, 2021 and gross profit margin for the twelve months ended December 31, 2021. In addition, the Company is providing additional information in response to shareholder feedback related to the definitive proxy statement on Schedule 14A filed on January 18, 2022 for its solicitation efforts related to the use of proceeds and strategic growth plan following the pending sale of its Microlab business to RF Industries, Inc. Record Fourth Quarter Sales Drive Highest Annual Sales in Th
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Intends to File Preliminary Proxy Statement and Provides Overview of the Case for Shareholder-Driven Change at Lyft Following Years of Value Destruction Engine Capital LP (together with its affiliates, "Engine" or "we"), which owns approximately one percent of the outstanding common shares of Lyft, Inc. (NASDAQ:LYFT) ("Lyft" or the "Company"), today announced that it is filing a preliminary proxy statement in connection with its nomination of two highly qualified and independent candidates – Alan L. Bazaar and Daniel B. Silvers – for election to the Company's Board of Directors (the "Board") at the 2025 Annual Meeting of Shareholders (the "Annual Meeting"). Arnaud Ajdler, Founder and Port
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 to provide even more comprehensive solutions and superior service to our customers," Maury Microwave Executive Chairman Bill Pezza said. "We welcome the talented team
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 to close on August 4, 2023, subject to customary closing conditions. Under the terms of the merger agreement, Maury will acquire all the outstanding shares of the Company for cash
Parsippany, New Jersey, USA, June 13, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group (NYSE American: WTT), announced today that its test and measurement brands – Boonton, Holzworth, and Noisecom – will showcase industry-leading instruments with the performance and capability necessary for accelerating the development of next-generation wireless systems during IMS 2023 at Booth 1619. Product demonstrations will feature specialized capabilities across amplifier characterization, high-performance RF signal generation, and phase noise analysis. As a test and measurement leader, the company will also host a technical session on RF and microwave power sensor technologies. Boonton will de
NEW YORK, June 03, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE:WTT) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the sale of WTT to Maury Microwave, Inc. for $2.13 per share in cash. If you are a WTT investor, and would like additional information about our investigation, please complete the Information Request Form or contact Joshua Lifshitz, Esq. by telephone at (516)493-9780 or e-mail at [email protected]. Stratasys Ltd. (NASDAQ:SSYS) Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of SSYS and Desktop Metal, Inc. Under the terms of the
ONTARIO, Calif., May 25, 2023 /PRNewswire/ -- Maury Microwave, Inc. ("Maury" or the "Company"), a leading provider of RF calibration, measurement, emulation and modeling solutions backed by Artemis Capital Partners ("Artemis"), announced today that it entered into a definitive agreement to acquire Wireless Telecom Group, Inc. (NYSE American: WTT) in a transaction that is expected to close in the third quarter of 2023, subject to the approval of Wireless Telecom Group Shareholders and the satisfaction of other customary closing conditions. Since its founding in 1985, Wireless T
Shareholders to Receive $2.13 Per Share in Cash Parsippany, New Jersey, USA, May 25, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (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 all the outstanding shares of the Company for an estimated total cash consideration of $2.13 per share. The consideration per share represents a premium of 34% to the Company's clos
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 of $6.7 million as of March 31, 2023, a $2.4 million, 56% increase to the backlog at March 31, 2022$19.6 million in cash on balance sheet as of March 31, 2022 Parsippany,
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, compared to a net loss from continuing operations of $250,000 for the same period last yearNet income from discontinued operations of $7.6 million, compared to net income from discontinue
Parsippany, 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 strategic alternatives. As a result of this transaction, Wireless Telecom Group is now comprised solely of its Test & Measurement brands including Boonton, Holzworth and Noisecom. Tim Whelan, Wireless
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