Wireless Telecom Group, Inc. (NYSE: WTT) reported that for the quarter ended September 30, 2013, the company had net sales of USD8,791,000, compared to USD7,385,000 for the same period in 2012, an increase of 19.0%.
Net sales in the network solutions segment were USD6,272,000, compared to USD3,087,000 for the same period in 2012, an increase of 103%. Net sales in the Test and Measurement segment were USD2,519,000, compared to USD4,298,000 for the same period in 2012, a decrease of 41%.
Paul Genova CEO of Wireless Telecom Group, Inc. said, “Gains generated by strong revenue and profit growth in our network solutions segment were offset by softness in our test and measurement segment. We believe that the product and channel investments we made in network solutions have been critical in driving the strong growth thus far this year. Our test and measurement segment experienced soft order flow during the first three quarters of 2013; however, recent order activity has been very encouraging, including a USD1.1M contract award received in early August from the FAA.”
Wireless Telecom Group designs and manufactures radio frequency and microwave-based products for wireless and advanced communications industries and markets its products and services worldwide under the Boonton, Microlab and Noisecom brands. Wireless Telecom Group´s website address is http://www.wtcom.com.