Wireless Telecom Group, Inc. (WTT) Reports Q2 Loss of $0.01 on Revenues of $13.4M; Offers 3Q Revenue Outlook
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Wireless Telecom Group Announces Second Quarter 2018 Financial Results
August 9, 2018 6:30 AM EDTHighlights of the quarter:
Net revenues of $13,414,000 for the quarter ended June 30, 2018 A year over year increase of $1,481,000, or 12% Gross Profit of $6,170,000, or 46% of revenue, for the quarter ended June 30, 2018 A year over year increase of $2,826,000, or 85% (2017 gross profit includes $1,930,000 impairment charge) Net loss of $180,000 for the quarter ended June 30, 2018 Compared to a net loss of $1,370,000 for the same period last year Non-GAAP Adjusted EBITDA of $1,076,000 for the quarter ended June 30, 2018 A year over year... More