NJ TECH CORNER: Wireless Telecom Group, Inc.

Photo: Tim Whelen, CEO of Wireless Telecom Group Photo Credit: Courtesy Wireless Telecom Group

Tim Whelen, CEO of Wireless Telecom Group | Courtesy Wireless Telecom Group

Company Overview

Wireless Telecom Group, Inc. (NYSE: WTT), comprised of Boonton Electronics, CommAgility, Microlab and Noisecom, is a global designer and manufacturer of advanced RF and microwave components, modules, systems and instruments. Serving the wireless, telecommunication, satellite, military, aerospace, semiconductor and medical industries, Wireless Telecom Group products enable innovation across a wide range of traditional and emerging wireless technologies.With a set of high-performance products including peak power meters, signal analyzers, signal processing modules, LTE PHY and stack software, power splitters and combiners, GPS repeaters, public safety monitors, noise sources, and programmable noise generators, the company supports the development, testing, and deployment of wireless technologies around the globe. Founded in 1985, the Parsippany-based company has a workforce of 111 employees.

 Investment & Financial Information

Shares of common stock outstanding:

22,289,475

Share price of stock (as of Aug. 25, 2017 )

  $1.41

Share price of stock (one year ago)

  $1.74

Current valuation (as of Aug 25, 2017)

  $31.43 million

Valuation one year ago

  $32.35 million

Stock Symbol:

WTT

Revenues  (as of Dec. 31, 2017)

$31.326 million

Revenues (previous year)

$33.109 million

Net Income (Loss) (as of Dec. 31,2016)

9999/309/30/162015vvvvmontmonths ended)

($1.832 million)

Net Income (previous year)

 $   376,681

 

Management Team

 

Name

Age

Title

 Timothy Whelan

51

CEO

Michael Kandell

41

Chief Financial Officer and Secretary

Daniel Monopoli

37

Chief Technology Officer

Joseph Debold

62

Senior Vice President of Global Sales and Marketing

  

Board of Directors

 Name

 

Age

Title

Alan L. Bazaar

47

Chairman; CEO, HollowBrook Wealth Management, LLC; Director, Hudson Global Inc.

Joseph Garrity

61

Co-founder, COO and CFO, Salem Global Partners; Member of Advisory Board, AGB Search Inc.; Trustee, Central Harlem Institute for Learning and Development, and Saint Michael College

Mitchell Herbets

60

Managing Principal, Herbets Consulting, LLC; Non-Executive Chairman, Thales Defense and Security, Inc. 

Michael Millegan

58

Former President, Verizon Global Wholesale group; Advisor, WINDPACT

Allan D. L. Weinstein

46

Co-Founder, Managing Partner, Gainline Capital Partners LP; Director, CSAT Solutions Holdings LLC

Timothy Whelan

51

CEO; Director, Edgewater Technology, Inc.

 

Noteworthy Control

 

Name

Shares of common stock owned

% of total common shares

Allan L Bazaar

2,054,942

9.2 %

Hollow Brook Wealth Management, LLC

E. Wayne Nordberg

Philip E. Richter

 1,859,597

 8.3 %

 Horton Capital Partners, LLC

 Horton Capital Management, LLC

Joseph M. Manko Jr.

 

 1,364,933

 6.1 %

 

[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]

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