Wireless Telecom Group, Inc. (WTT) Reports Q2 Loss of $0.07
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Wireless Telecom Group Announces Second Quarter 2017 Financial Results
August 9, 2017 4:00 PM EDTHighlights of the quarter:
Net revenues of $11,933,000 for the quarter ended June 30, 2017 A year over year increase of $4,323,000, or 57% Reflects year over year increases in both Network Solutions and Test & Measurement segments Includes $3,000,000 of Embedded Solutions revenue Gross Margin of $3,344,000 for the quarter ended June 30, 2017, or 28% Includes a $1,930,000 non-cash inventory impairment charge Net Loss of $1,368,000 for the quarter ended June 30, 2017 Includes the non-cash inventory impairment charge Non-GAAP Adjusted EBITDA of $910,000 for the quarter ended June 30,... More