Wireless Telecom Group, Inc. (WTT) Financial Statements (2025 and earlier)

Company Profile

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

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,70710,72613,33819,0724,4721,283
Cash and cash equivalent20,70710,72613,33819,0724,4721,283
Receivables4,7624,3294,0073,8755,2907,420
Inventory, net of allowances, customer advances and progress billings5,0875,6855,2474,9769,0749,655
Inventory5,0875,6855,2474,9769,0749,655
Other current assets185253269   
Other undisclosed current assets1,5001,9431,8872,2331,6892,058
Total current assets:32,24122,93624,74830,15620,52520,416
Noncurrent Assets
Operating lease, right-of-use asset5797248671,0071,1461,282
Property, plant and equipment4671,1621,2721,3001,5321,629
Intangible assets, net (including goodwill)8,58812,47512,94413,43015,12015,710
Goodwill6,0009,4059,70110,01211,45911,461
Intangible assets, net (excluding goodwill)2,5883,0703,2433,4183,6614,249
Deferred income tax assets2,9132,4122,9042,3145,5806,162
Other noncurrent assets    290448548
Other undisclosed noncurrent assets185253269   
Total noncurrent assets:12,73217,02618,25618,34123,82625,331
TOTAL ASSETS:44,97339,96243,00448,49744,35145,747
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,9394,8174,0494,3304,4334,599
Taxes payable241120166277216
Employee-related liabilities8897659117181,141
Accounts payable4801,5271,4041,4702,2642,205
Accrued liabilities1,4592,1601,7601,7831,1741,037
Deferred revenue1239213289408 
Debt    62252300
Other undisclosed current liabilities1,4851,3863,0813,9986,1486,375
Total current liabilities:3,5476,2957,2628,47911,24111,274
Noncurrent Liabilities
Long-term debt and lease obligation  3974307294,2104,344
Long-term debt, excluding current maturities    2673,5953,578
Liabilities, other than long-term debt3882192422742802,122
Deferred income tax liabilities  189205222228444
Other liabilities24303752521,678
Operating lease, liability364397430462615766
Total noncurrent liabilities:3886166721,0034,4906,466
Total liabilities:3,9356,9117,9349,48215,73117,740
Equity
Equity, attributable to parent41,03833,05135,07039,01528,62028,007
Common stock365366362362359355
Treasury stock, value(27,234)(27,170)(27,163)(24,638)(24,619)(24,600)
Additional paid in capital52,76452,63552,22651,90651,55551,305
Accumulated other comprehensive income  10254634771776
Retained earnings15,1437,2109,39110,751554171
Total equity:41,03833,05135,07039,01528,62028,007
TOTAL LIABILITIES AND EQUITY:44,97339,96243,00448,49744,35145,747

Income Statement (P&L) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues3,3735,3306,0687,59613,07712,824
Cost of revenue(968)(2,672)(2,653)(3,241)(6,609)(6,284)
Gross profit:2,4052,6583,4154,3556,4686,540
Operating expenses666(5,239)(5,093)(5,811)(6,216)(7,089)
Operating income (loss):3,071(2,581)(1,678)(1,456)252(549)
Nonoperating income (expense)287(46)321014120
Interest and debt expense    (969)(196)(365)
Income (loss) from continuing operations before equity method investments, income taxes:3,358(2,627)(1,646)(2,324)97(894)
Other undisclosed income from continuing operations before income taxes2918    
Income (loss) from continuing operations before income taxes:3,387(2,609)(1,646)(2,324)97(894)
Income tax expense (benefit)(809)341286851287707
Income (loss) from continuing operations:2,578(2,268)(1,360)(1,473)384(187)
Income (loss) before gain (loss) on sale of properties:(2,181)(1,360)10,197384(187)
Income from discontinued operations  87 11,670  
Other undisclosed net loss (11,695)     
Net income (loss):(9,117)(2,181)(1,360)10,197384(187)
Other undisclosed net income attributable to parent 17,048     
Net income (loss) available to common stockholders, diluted:7,931(2,181)(1,360)10,197384(187)

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income (loss):(9,117)(2,181)(1,360)10,197384(187)
Comprehensive income (loss):(9,117)(2,181)(1,360)10,197384(187)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 17,038(244)(380)(137)(6)(152)
Comprehensive income (loss), net of tax, attributable to parent:7,921(2,425)(1,740)10,060378(339)

Statements Sources

The financial statements are based on the Company's filings with 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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