Wireless Telecom Group, Inc. (WTT) Reports Q1 Loss of $0.02, Revenues Beat; Announces Target Revenues of $100M by 2023
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Wireless Telecom Group Announces First Quarter 2019 Financial Results
May 8, 2019 6:00 AM EDTHighlights for the quarter ended March 31, 2019:
Net revenues of $13,032,000, reflecting growth in two of three segments Gross Profit of $5,727,000, or 43.9% Net loss of $344,000 Non-GAAP Adjusted EBITDA of $354,000 New Customer orders of $12,387,000 March 31, 2019 backlog of firm orders of $7,575,000 Decrease in S,G&A, increase in R&D to drive future growth Company announces target revenues of $100 million by 2023, inclusive of acquisitions... More