PCTEL (PCTI) Reports In-Line Q4 EPS

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PCTEL Reports Fourth Quarter and Full Year 2022 Financial Results

March 7, 2023 4:01 PM EST

PCTEL achieved 2022 revenues of $99.4 million, up 13%, and gross profit margin of 46%

Strong expansion in net income and Adjusted EBITDA in the fourth quarter and fiscal year 2022

BLOOMINGDALE, Ill.--(BUSINESS WIRE)-- PCTEL, Inc. (Nasdaq: PCTI) (PCTEL or the Company), a leading global provider of wireless technology solutions, today reported results for the fourth quarter and full year ended December 31, 2022.

Fourth Quarter 2022 Highlights

Revenues of $25.9 million, equivalent to the fourth quarter 2021 GAAP gross profit margin of 50.3% GAAP... More