Shareholders to Receive $2.13 Per Share in Cash Parsippany, New Jersey, USA, May 25, 2023 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (the "Company" or "WTT"), a leading test & measurement solutions provider, today announced that it entered into a definitive merger agreement to be acquired by Maury Microwave, Inc. ("Maury") in an all-cash transaction. Under the terms of the merger agreement, which was unanimously approved by the board of directors of each company, Maury will acquire all the outstanding shares of the Company for an estimated total cash consideration of $2.13 per share. The consideration per share represents a premium of 34% to the Company's clos

Parsippany, New Jersey, USA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT) (the "Company") today announced it entered into a definitive agreement to sell its radio, baseband and software segment, CommAgility LTD., to global space company, E-Space. The purchase price is $14.5 million, inclusive of $13.75 million in cash consideration and a $750,000 note payable, subject to agreed-upon reductions. The transaction was the result of the Company's previously disclosed process for evaluating strategic alternatives. The Purchase Agreement includes customary terms and conditions, including certain adjustments to the purchase price based on transaction costs

Parsippany, New Jersey, USA, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its financial results for the three and nine months ended September 30, 2022 on Monday, November 14, 2022, after the market closes. The Company will host a conference call on Monday, November 14, 2022 at 4:30 pm EST in which management will discuss its financial results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 542659. The call will also be webcast over the internet at the following: https://www.webcast

Highlights for the quarter ended June 30, 2022: ●Revenue of $6.1 million compared to $7.8 million for the same period last year●Gross profit of $3.4 million compared to $4.4 million for the same period last year●Consolidated gross profit margin of 56.3%, compared to 56.2% for the same period last year●$13.3 million in cash on balance sheet as of June 30, 2022, and no debt Highlights for the six months ended June 30, 2022: ●Test & Measurement revenue increased 6.5% compared to the same period last year●Net loss from continuing operations of $(2.8) million, compared to net income from continuing operations of $651,000 for the same period last year●Non-GAAP adjusted net loss from continuing ope

Parsippany, New Jersey, USA, Aug. 02, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its financial results for the three and six months ended June 30, 2022 on Tuesday, August 9, 2022, before the market opens. The Company will host a conference call on Tuesday, August 9, 2022 at 8:30 am EDT in which management will discuss its financial results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 455180. The call will also be webcast over the internet at the following URL: https://www.webcaster4.co

Highlights for the quarter ended March 31, 2022: Completed Microlab sale to RF Industries, Ltd. on March 1, 2022 for $24.25 million Repaid debt of $4.7 million and terminated Muzinich and Bank of America Credit Facilities $19.1 million in cash on balance sheet as of March 31, 2022 Revenue of $7.6 million compared to $8.2 million for the same period last year Test & Measurement revenue up 13.7% year-over-year to $6.1 million Gross profit of $4.4 million and gross margin of 57.3% compared to $4.9 million and 59.3% for the same period last year GAAP Net loss from continuing operations of $(1.5) million, compared to a net loss from continuing oper

Parsippany, New Jersey, USA, May 04, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its financial results for the three months ended March 31, 2022 on Wednesday, May 11, 2022, before the market opens. The Company will host a conference call on Wednesday, May 11, 2022 at 8:30 am EDT in which management will discuss its financial results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 818215. The call will also be webcast over the internet at the following URL: https://www.webcaster4.com/Webcas

Highlights for the year ended December 31, 2021: ●Net revenues of $49.2 million, an increase of 18.0% compared to the same period last year●Gross Profit of $25.1 million, or 50.9% of net revenue, an increase of $4.1 million or 19.6% compared to the same period last year●Net income of $1.5 million, compared to a net loss of $8.1 million for the same period last year●Non-GAAP Adjusted EBITDA of $3.7 million, compared to Non-GAAP Adjusted EBITDA of $1.8 million for the same period last year●Cash provided by operations of $4.6 million, compared to $3.0 million for the same period last year●Excluding Microlab, backlog at December 31, 2021, was $9.2 million, a $2.1 million, or 30.4% year-ove

Parsippany, New Jersey, USA, March 10, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE American: WTT), a leader in wireless communications and radio frequency instrumentation, announced it will release its fourth quarter and full year 2021 financial results on Thursday, March 17, 2022, before the market opens. The Company will host a conference call on Thursday, March 17, 2022 at 8:30 am EDT in which management will discuss its financial results. To participate in the conference call, dial 800-346-7359 or 973-528-0008. The conference identification number is 501420. The call will also be webcast over the internet at the following URL: https://www.webcaster4.com/Webcast/Pa

Parsippany, New Jersey, USA, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Wireless Telecom Group, Inc. (NYSE:WTT) (the "Company"), today announced preliminary unaudited revenue for the three and twelve months ended December 31, 2021 and gross profit margin for the twelve months ended December 31, 2021. In addition, the Company is providing additional information in response to shareholder feedback related to the definitive proxy statement on Schedule 14A filed on January 18, 2022 for its solicitation efforts related to the use of proceeds and strategic growth plan following the pending sale of its Microlab business to RF Industries, Inc. Record Fourth Quarter Sales Drive Highest Annual Sales in Th