Brief: Wireless Telecom Group Announces Fourth Quarter Financial Results

Wireless Telecom

19/03/2020 10:52

March 19 (Reuters) - Wireless Telecom Group Inc  WTT.A :
    * WIRELESS TELECOM GROUP ANNOUNCES FOURTH QUARTER AND
YEAR-END
2019 FINANCIAL RESULTS
    * Q4 REVENUE FELL 4.3 PERCENT TO $11.57 MILLION
    * WIRELESS TELECOM GROUP - IS CURRENTLY EVALUATING IMPACT OF
CORONAVIRUS OUTBREAK ON ITS OPERATIONS AND BUSINESS OUTLOOK
    * CURRENTLY EVALUATING IMPACT OF CORONAVIRUS OUTBREAK ON ITS
OPERATIONS AND BUSINESS OUTLOOK
    * QTRLY EARNINGS PER SHARE $0.01
    * WIRELESS TELECOM -  HAS NOT BEEN ANY SIGNIFICANT REDUCTION
IN
CO’S SUPPLY CHAIN, & NO IMPACT ON U.S.-BASED OPERATIONS OR
PURCHASE FLOW FROM CUSTOMERS
    * WIRELESS TELECOM -EXPECTS COST REDUCTION ACTIONS TO REDUCE
ABOUT
$1.5 MILLION OF ANNUALIZED EXPENSES ACROSS COST OF GOODS
SOLD,OPERATING EXPENSES IN 2020

Source text for Eikon:  ID:nGNX3GMXfh 
Further company coverage:  WTT.A 

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