WTT - Wireless Telecom jumps as revenue estimate sets record: Q4 Preliminary Report

Wireless Telecom (NYSE:WTT) reported its preliminary estimate for 4Q21 with revenue expected to be $13.1M (+26.4% Y/Y). This marks the company's highest sales in three years Full-year revenue increased 18% Y/Y to $49.2M. Product groups delivered approximately 31% revenue growth during the year, excluding radio frequency component product group; 12.7% bookings growth, and 30.4% backlog growth Y/Y. FY 21 Gross profit margin is expected to exceed 50% of revenue. Consolidated bookings were $52.1M (+11.7% Y/Y).  Wireless Telecom said it will be debt free after the Microlab sale transaction is completed with management estimating  approximately $17.0M in cash and cash equivalents thereafter.  "We are looking forward to completing the Microlab transaction in the coming weeks and focusing on our streamlined T&M and RBS businesses. We expect to reorganize around our two remaining businesses and report them as two separate segments in 2022....With a 30% backlog increase, we expect the T&M and RBS segments to

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Wireless Telecom jumps as revenue estimate sets record: Q4 Preliminary Report