NJ TECH CORNER: Wireless Telecom Group, Inc.
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.]
