Wireless Telecom Group, Inc. (WTT) Reports Q1 EPS of $0.02

Wireless Telecom Group, Inc. (NYSE: WTT) reported Q1 EPS of $0.02. Revenue for the quarter came in at $13.26 million, versus $0 reported last year.

Highlights for the quarter ended March 31, 2018:

• Net revenues of $13,264,000
  • A year over year increase of $3,715,000, or 38.9%, over the same period 2017
  • Includes $3,990,000 of Embedded Solutions revenue in 2018 as compared to $997,000 of revenue in 2017 reflecting a full quarter of ownership in 2018
• Gross margin of $6,268,000, or 47.3%
• Net income of $374,000
• Non-GAAP Adjusted EBITDA of $1,612,000
• New customer orders of $13,952,000
• March 31, 2018 backlog of firm orders of $10,576,000

The Company expects the following for the quarter ended June 30, 2018:

• Revenue between $12,250,000 and $12,750,000
• Gross margins between 45-46% of revenues
• Non-GAAP operating expenses between $5.4 and $5.6 million (specifically, the Company’s GAAP operating expenses, excluding depreciation expense, amortization expense, stock compensation expense, restructuring charges, purchase accounting adjustments in accordance with US GAAP, non-recurring acquisition and integration expenses, and foreign exchange gains and losses which cannot be itemized with particularity for reconciliation to the comparable GAAP measure at this time).

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

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