UPDATE: Wireless Telecom Group, Inc. (WTT) Reports Q4 Loss of $0.12 on Revenues of $12.04M; Offers 1Q18 Revenue Outlook

Wireless Telecom Group, Inc. (NYSE: WTT) reported Q4 EPS of ($0.12). Revenue for the quarter came in at $12.04 million.

• Net revenues of $12,036,000
  • A year over year increase of $3,032,000, or 34%, over the same period 2016
  • Includes $3,418,000 of Embedded Solutions revenue
• Gross Margin of $5,471,000, or 45.5%
• Net loss of $2,547,000 inclusive of a $2,740,000 tax provision, reflecting the impact of the new Tax Cuts and Jobs Act
• Non-GAAP Adjusted EBITDA of $830,000
• New Customer orders of $11,940,000

The Company expects the following financial results for the quarter ended March 31, 2018 which will include a full quarter of operations of the Embedded Solutions segment as compared to a partial period of ownership in the same period last year:

• Revenue between $13.0 million - $13.5 million
• Gross margins of approximately 46%
• Non-GAAP operating expenses between $5.2 and $5.4 million (specifically, the Company’s expected GAAP operating expenses, less depreciation expense, amortization expense, stock compensation expense, M&A costs, and integration expenses, which cannot be itemized with particularity for reconciliation to the comparable GAAP measure at this time).

GUIDANCE:

Wireless Telecom Group, Inc. sees Q1 2018 revenue of $13-13.5 billion.

For earnings history and earnings-related data on Wireless Telecom Group, Inc. (WTT) click here.

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