Wireless Telecom -5.1% as it swings to Q4 loss

|About: Wireless Telecom Group, Inc (WTT)|By:, SA News Editor

Wireless Telecom Group (WTT -8.1%) is off 5.1% after hours following Q4 earnings that wrapped a "challenging" year with a swing to a loss.

Revenues rose 14% and the company posted a net loss of $1.16M, vs. year-ago net income of $24,000.

Adjusted EBITDA was -$278,000, vs. a year-ago positive $278,000.

Backlog (orders to be shipping in coming 12 months) was up to $4M from the prior year's $2.5M.

For the coming quarter, the company's guiding to revenue from its combined Network Solutions and Test & Measurement segments of $8M-$8.5M, gross margins of 45-46%, and non-GAAP opex between $3.6M and $3.8M.

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