Wireless Telecom Group Announces First Quarter 2019 Financial Results
Wireless Telecom Group, Inc. (WTT)
NASDAQ:AMEX Investor Relations:
boonton.com/investor-relations
Company Research
Source: Business Wire
Highlights 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 PARSIPPANY, N.J.--(BUSINESS WIRE)-- Wireless Telecom Group, Inc. (NYSE American: WTT) (the “Company”) announced today results for the 2019 first quarter ended March 31, 2019. Tim Whelan, CEO of Wireless Telecom Group, Inc., commented, “Our Q1 financial results were as we expected exiting 2018 which was a record year for the Com
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