WITFF Wireless2 Technologies Inc featured news, full reports, and detailed charts
Wireless2 Technologies Inc (WITFF/WITFF.PK) Wrap Up:
Wireless2 Technologies, Inc. engages in the manufacture and sale of communication surveillance and intelligence gathering equipment for the law enforcement industry in the United States. It offers covert body worn audio transmitters; repeaters; and intelligence kits, including receivers and recording capabilities. The company was incorporated in 1984 as Strategic Technologies, Inc. and changed its name to Wireless2 Technologies, Inc. in 2006. Wireless2 Technologies is headquartered in Surrey, Canada.Wireless2 Technologies Inc (WITFF:OTC)
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Market Cap
3.2M
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Total Revenue
2.9M
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EBITDA
389.5K
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DILUTED EPS TTM
-0.02
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P/E
--
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P/S
1.3x
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Return On Asset
-9.04
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Return On Equity
-13.45
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| K = Thousands M = Millions B = Billions | ||
WITFF Top Compensated Officers
Executives, Board Directors
Key developments for Wireless2 Technologies Inc (WITFF)
Wireless2 Technologies Inc. announced that effective October 1, 2009, Mr. Ian Brown has retired as a director and chief financial officer of the company. The Board announced the appointment of Mr. Brian Causey, B.Comm., CA as a director and new CFO effective October 27, 2009. Mr. Causey has many years of experience in financial, accounting and audit and operational aspects of public companies.
Wireless2 Technologies Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2009. For the quarter, the company's revenues were CAD 711,841 against CAD 701,244 for the same period a year ago. Loss before income taxes was CAD 176,121 against CAD 40,757 for the same period a year ago. Loss from continuing operations was CAD 176,621 against CAD 45,218 for the same period a year ago. Net loss was CAD 176,621 or CAD 0.01 per basic and diluted share compared to the net income of CAD 63,076 or CAD 0.00 per basic and diluted share for the same period a year ago. Net cash used in operating activities was CAD 202,625 against net cash provided by operating activities of CAD 739,080 for the same period a year ago. The company spent CAD 2,342 on property and equipment acquisitions compared to CAD 4,382 for the same period a year ago. For the nine months, the company reported revenues were CAD 2,157,078 against CAD 2,372,310 for the same period a year ago. Loss before income taxes was CAD 285,018 against CAD 12,207 for the same period a year ago. Loss from continuing operations was CAD 274,717 against CAD 17,070 for the same period a year ago. Net loss was CAD 274,717 or CAD 0.02 per basic and diluted share compared to the net income of CAD 91,224 or CAD 0.00 per basic and diluted share for the same period a year ago. Net cash used in operating activities was CAD 444,519 against net cash provided by operating activities was CAD 633,982 for the same period a year ago. The company spent CAD 18,762 on property and equipment acquisitions compared to CAD 8,586 for the same period a year ago.
Wireless2 Technologies, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2009. For the quarter, the company reported loss before income taxes of CAD 96,599 and net loss of CAD 86,298 or CAD 0.01 per basic and diluted share on revenue of CAD 754,689 against income before income taxes of CAD 37,539 and net income of CAD 37,539 on revenue of CAD 898,482 reported in the same period a year ago. Cash used in operating activities was CAD 130,124 against CAD 32,484 a year ago. For the six months period, the company reported loss before income taxes of CAD 109,468 and net loss of CAD 99,167 or CAD 0.01 per basic and diluted share on revenue of CAD 1,445,237 against income before income taxes of CAD 28,148 and net income of CAD 28,148 on revenue of CAD 1,671,066 reported in the same period a year ago. Cash used in operating activities was CAD 241,895 against CAD 101,499 a year ago. Property and equipment acquisitions was CAD 16,420 against CAD 7,803 a year ago.
WITFF Competitors
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Industry Analysis
| Valuation | WITFF | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 1.3x |
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| Price/Book | 1.5x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.6x |
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WITFF |
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WITFF transactions
| Type Date |
Target |
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Private Placement
November 9, 2009 |
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