Wireless Telecom Group, Inc. (WTT) Reports Q2 Loss of $0.01 on Revenues of $13.4M; Offers 3Q Revenue Outlook

Wireless Telecom Group, Inc. (NYSE: WTT) reported Q2 EPS of ($0.01). Revenue for the quarter came in at $13.4 million.

Tim Whelan, CEO of Wireless Telecom Group, Inc., commented, “We are very pleased with a stronger than expected quarter of results and we are especially pleased with the organic growth realized in our Test & Measurement and Embedded Solutions segment. We believe these results reflect the investments we have made in our channels, our products and in the acquisition of CommAgility.”

Whelan continued, “We are continuing to improve our operational and financial performance through top line growth, lean manufacturing and supply chain improvements. We continue to invest in our R&D roadmaps and we are excited by our products for 5G and millimeter wave development which we recently showcased. We are adding value to our customers in their continued investments in long-term network densification, 4G and 5G testing applications, government and military radar applications, and LTE network deployments. Our most recent product announcement is focused on new products for in-building public safety networks, an area of investment with new requirements from local governments and investments related to FirstNet deployments. We expect to see continued strong customer bookings and financial results in the third quarter.”

GUIDANCE:

Wireless Telecom Group, Inc. sees Q3 2018 revenue of $13-13.5 billion, versus the consensus of $0 billion.

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

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