Wireless Telecom Group falls on Q1 loss, lower revenue

Wireless Telecom

15/05/2023 19:45

** Shares of designer and manufacturer of radio frequency
(RF) and microwave components Wireless Telecom Group Inc  WTT.A 
down 2.2% at $1.69
    ** Co reports Q1 net loss of $0.9 mln versus net income of
$10.1 mln a year earlier
    ** Q1 net revenue decreased to $5.2 mlm from $6.1 mln a year
earlier due to supply chain and export license delays
    ** WTT stock down 5.43% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))