Wireless Telecom Group, Inc. (WTT) financial statements (2021 and earlier)

Company profile

Business Address 25 EASTMANS ROAD
PARSIPPANY, NJ 07054
State of Incorp. NJ
Fiscal Year End December 31
SIC 3669 - Communications Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments545291011
Cash and cash equivalents545291011
Receivables6699555
Inventory, net of allowances, customer advances and progress billings9777889
Inventory9777889
Other undisclosed current assets2225113
Total current assets:21202223242427
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment2 33222
Intangible assets, net (including goodwill)17121315111
Goodwill12101010111
Intangible assets, net (excluding goodwill)5235   
Deferred costs  00   
Deferred income tax assets66
Other noncurrent assets1111111
Other undisclosed noncurrent assets  56775
Total noncurrent assets:2721222412119
Other undisclosed assets 2     
TOTAL ASSETS:48424447353536
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4297423
Accounts payable2234311
Accrued liabilities1 63111
Employee-related liabilities1     1
Taxes payable0     0
Debt13 1 00
Deferred revenue and credits1   
Other undisclosed current liabilities732   (1)
Total current liabilities:128119423
Noncurrent Liabilities
Long-term debt and lease obligation101 0  0
Long-term debt, excluding current maturities9  0   
Capital lease obligations    0
Operating lease, liability11
Liabilities, other than long-term debt011200 
Deferred revenue and credits 00 
Deferred tax liabilities, net11   
Deferred income tax liabilities01
Other liabilities0002   
Total noncurrent liabilities:11213000
Total liabilities:22101212423
Stockholders' equity
Stockholders' equity attributable to parent26333235323334
Common stock0000000
Treasury stock, value(25)(25)(25)(21)(21)(21)(19)
Additional paid in capital50494847414040
Accumulated other comprehensive income1101   
Retained earnings (accumulated deficit)(1)787121413
Total stockholders' equity:26333235323334
TOTAL LIABILITIES AND EQUITY:48424447353536

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues42495346313340
Revenue, net46313340
Cost of revenue(21)(27)(29)(27)(18)(18)(21)
Cost of goods and services sold   (27)(18)(18)(21)
Gross profit:21222419131519
Operating expenses(29)(24)(23)(22)(16)(14)(14)
Operating income (loss):(8)(1)1(3)(3)15
Nonoperating income (expense)0(0)(0)(0)0(0)(0)
Foreign currency transaction gain (loss), before tax0 (0)    
Interest and debt expense(1)(0)(1)(0)   
Income (loss) from continuing operations before income taxes:(9)(2)0(3)(2)15
Income tax expense (benefit)11(0)(1)0(0)(2)
Net income (loss) available to common stockholders, diluted:(8)(0)0(4)(2)02

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(8)(0)0(4)(2)02
Comprehensive income (loss):(8)(0)0(4)(2)02
Other undisclosed comprehensive income (loss), net of tax, attributable to parent01(1)1   
Comprehensive income (loss), net of tax, attributable to parent:(8)0(1)(3)(2)02

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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