Wireless Telecom Group, Inc. provided revenue guidance for the third quarter of 2022. For the quarter, the company expected to continue to face challenging supply chain conditions, which will continue to impact revenue recognition in the second half of the year. The Company has not seen supply chain constraints negatively impact customer commitments.

New purchase orders in the third quarter across the Company's two segments continue to drive the consolidated backlog higher enabling increased revenue expectations in the quarters ahead. The Company's strategic alternative efforts continue but there is no additional update at this time.