Wireless Telecom Group Announces Fourth Quarter and Year-End 2018 Financial Results

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Wireless Telecom Group, Inc. (WTT) Misses Q4 EPS by 2c, Slight Beat on Revenues

March 12, 2019 6:02 AM EDT

Wireless Telecom Group, Inc. (NYSE: WTT) reported Q4 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $12.09 million versus the consensus estimate of $12.03 million.

Net revenues of $12,091,000A year over year increase of $55,000, or 0.5%, over the same period 2017Gross Margin of $5,264,000, or 43.5%Net loss of $718,000Non-GAAP Adjusted EBITDA of $386,000New Customer orders of $14,281,000

Tim Whelan, CEO of Wireless Telecom Group, Inc., commented, We are pleased with our 2018... More