FABC on Nasdaq

WPCS International

WPCS International Incorporated (Nasdaq: WPCS) is an American corporation with global operations that is headquartered in Exton, Pennsylvania. The company is a design-build engineering firm focused on the deployment of wireless networks and related services including site design, technology integration, electrical contracting, construction and maintenance.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

2002Founded1

Compare with Cluster Group Holdings Ltd Co, Remark Media or KonaTel, Inc., or pick any stock.

  • TickerFABC on Nasdaq1
  • IndustryCommunications Services, NEC1
  • HeadquartersPhiladelphia1
  • Websitewww.wpcs.com
  • Incorporated inDE4
  • Business address900 E. Old Settlers Boulevard, Suite 100, Round Rock, Tx 786644
  • Filer categoryNon-accelerated filer, Smaller reporting company4

See how the biggest companies compare on our leaderboards

WPCS International Incorporated (Nasdaq: WPCS) is an American corporation with global operations that is headquartered in Exton, Pennsylvania. The company is a design-build engineering firm focused on the deployment of wireless networks and related services including site design, technology integration, electrical contracting, construction and maintenance. WPCS serves the specialty communication systems sector which includes public services, healthcare and alternative energy and the wireless infrastructure sector which includes work performed for commercial wireless carriers. WPCS has a diverse customer base of corporations, government entities and education institutions worldwide. WPCS was founded in 2002 by Andrew Hidalgo and has approximately 500 employees.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-10328.5%Gross margin5
-30382.4%Operating margin5
-2752.5%Net margin5
-87.2%Revenue growth, 20245
-37.5%Return on equity5
-$13.5MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue82¢$6.7M
  • Research and development18¢$1.5M

Out of $63.8K in revenue.5 The company lost money this year.

Financial statements

Revenue6789105$63.8K in 2024−93% since 2019
0$1.0M$2.0M$3.0M2019: $890.2K$890.2K20192020: $1.6M$1.6M2020+80%2021: $2.7M$2.7M2021+67%2022: $3.0M$3.0M2022+11%2023: $498.9K$498.9K2023−83%2024: $63.8K$63.8K2024−87%
Gross profit6789105-$6.6M in 2024
-$8.0M-$6.0M-$4.0M-$2.0M0$2.0M2019: $198.3K$198.3K20192020: -$166.5K-$166.5K20202021: -$2.1M-$2.1M2021+1156%2022: -$3.1M-$3.1M2022+46%2023: -$4.6M-$4.6M2023+52%2024: -$6.6M-$6.6M2024+42%
Operating income6789105-$19.4M in 2024+128% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$8.5M-$8.5M20192020: -$10.1M-$10.1M2020+19%2021: -$33.1M-$33.1M2021+228%2022: -$23.3M-$23.3M2022−30%2023: -$28.2M-$28.2M2023+21%2024: -$19.4M-$19.4M2024−31%
Net income6789105-$1.8M in 2024−80% since 2019
-$40.0M-$30.0M-$20.0M-$10.0M02019: -$8.7M-$8.7M20192020: -$10.8M-$10.8M2020+24%2021: -$33.1M-$33.1M2021+207%2022: -$22.9M-$22.9M2022−31%2023: -$34.2M-$34.2M2023+49%2024: -$1.8M-$1.8M2024−95%

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$63.8K
Cost of goods sold$956.2K$6.7M
Gross loss-$956.2K-$6.6M
Research and development$1.4M$1.5M
Sales and marketing$990.5K
General and administrative$8.1M$8.6M
Loss on impairment of long-lived assets$1.7M
Total operating expenses$9.5M$12.8M
Loss from operations-$10.5M-$19.4M
Interest income$126.6K$484.3K
Change in fair value - warrant liability-$11.6M$11.0M
Change in fair value - derivative liability$2.9M$6.7M
Unrealized loss on digital assets-$2.2M
Unrealized gain (loss) on marketable securities-$91.9K-$98.3K
Realized gain on marketable securities$409.8K$1.3M
Legal settlement-$1.1M
Vendor settlement-$647.8K
Consent and waiver fee - Series H-7-$350.0K
Other income (expense), net$196.4K-$39.3K
Total other income (expense), net-$10.6M$17.6M
Net income (loss) prior to provision for income taxes-$21.1M-$1.8M
Net income (loss)-$21.1M-$1.8M
Dividends earned on Series H-7 convertible preferred stock-$2.0M-$2.4M
Accretion of discounts to redemption value of Series H-7 convertible preferred stock-$5.1M-$8.3M
Net loss attributable to common stockholders-$28.2M-$12.4M
Net loss per share basic-$32.24-$32.25
Net loss per share diluted-$32.24-$32.25
Basic weighted average Common Stock outstanding875.2K shares385.7K shares
Diluted weighted average Common Stock outstanding875.2K shares385.7K shares

Compare WPCS International with another company

Leadership

Who has led WPCS International, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Andy Hidalgo2007–2009
  2. Sebastian Giordano2014–2017
  3. Thomas Michael Wittenschlaeger2021–2022

President

  1. Andy Hidalgo2007–2008
  2. Robert Roller2016–2017

Chief financial officer

  1. Joseph Heater2007–2014
  2. David R. Allen2014–2017
  3. Paul Commons2018
  4. Curtis Ellis Smith2020
  5. David E. Hollingsworth2022
  6. Joseph W. Ramelli2024–now
20052010201520202025
Board members and other officers (27)

Former names

  • StableX Technologies, Inc.Aug 26, 2025 to Apr 28, 20264
  • AYRO, Inc.Jun 1, 2020 to Aug 19, 20254
  • DropCar, Inc.Feb 5, 2018 to May 29, 20204
  • WPCS INTERNATIONAL INCJun 12, 2002 to Jan 30, 20184
  • PHOENIX STAR VENTURES INCNov 6, 2001 to Jun 7, 20024
  • WOWTOWN COM INCJul 31, 2000 to Apr 23, 20014
  • PARAMOUNT SERVICES CORPSep 21, 1999 to Mar 15, 20004

Timeline

  1. Sep 29, 2021New chief executive Thomas Michael Wittenschlaeger becomes CEO13
  2. May 16, 2014New chief executive Sebastian Giordano becomes CEO14
  3. Jan 9, 2007New chief executive Andy Hidalgo becomes CEO15
  4. 2002Founded Founded1

Filings

225 filings to the SEC since October 2021: 8 annual reports, 15 quarterly reports, 51 major events, 61 insider forms, 24 large holders, 3 private raises, 63 other. The latest 20:

  1. Aug 14, 20264 EDGAR
  2. Aug 14, 202610-Q EDGAR
  3. Aug 4, 2026SCHEDULE 13G/A EDGAR
  4. Aug 3, 20268-K EDGAR
  5. Jul 28, 2026EFFECT EDGAR
  6. Jul 28, 2026424B3 EDGAR
  7. Jul 17, 2026S-3/A EDGAR
  8. Jul 2, 2026S-3 EDGAR
  9. Jun 25, 20268-K EDGAR
  10. Jun 18, 20264 EDGAR
  11. Jun 18, 20264 EDGAR
  12. Jun 18, 20264 EDGAR
  13. Jun 18, 20264 EDGAR
  14. Jun 18, 20264 EDGAR
  15. Jun 4, 2026SCHEDULE 13G EDGAR
  16. Jun 1, 2026ARS EDGAR
  17. Jun 1, 2026DEF 14A EDGAR
  18. May 22, 2026PRE 14A EDGAR
  19. May 15, 202610-Q EDGAR
  20. May 15, 2026SCHEDULE 13G/A EDGAR

The 225 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 24 such filings since October 2021, the latest 10:

  1. Aug 4, 2026SCHEDULE 13G/A
  2. Jun 4, 2026SCHEDULE 13G
  3. May 15, 2026SCHEDULE 13G/A
  4. May 4, 2026SCHEDULE 13G
  5. May 1, 2026SCHEDULE 13D/A
  6. Feb 17, 2026SCHEDULE 13G/A
  7. Nov 17, 2025SCHEDULE 13G/A
  8. Nov 14, 2025SCHEDULE 13G/A
  9. Oct 21, 2025SCHEDULE 13D/A
  10. Aug 14, 2025SCHEDULE 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 27, 2026Raised $73.1 million in a private offering of equity Form D: 15 investors so far Form D
  2. Aug 8, 2025Raised $7 million in a private offering of equity Form D: 10 investors so far Form D
  3. Aug 7, 2023Raised $44 million in a private offering of equity Form D: 6 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 26. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Josh Arnold Investment Consultant, LLC275,498$1.0M0.6%New
Jane Street Group, LLC212,431$783.9K0.0%+186,596
AWM Investment Company, Inc.145,000$535.0K0.0%New
T3 Companies, LLC42,800$157.9K0.2%New
JT Stratford LLC38,425$141.8K0.0%New
Jpmorgan Chase & Co33,161$134.0K0.0%+33,157
Schonfeld Strategic Advisors LLC30,000$110.7K0.0%New
Peak6 LLC23,017$84.9K0.0%New
Stifel Financial Corp20,328$75.0K0.0%New
Geode Capital Management, LLC19,018$70.2K0.0%+5,105
Vanguard Fiduciary Trust Co13,369$49.3K0.0%New
Kingsbury Capital Investment Advisors LLC13,250$48.9K0.0%−96,666
Kmt Wealth Management, LLC13,250$48.9K0.0%New
Vanguard Capital Management LLC12,242$45.2K0.0%New
Scientech Research LLC10,851$40.0K0.0%New
Osaic Holdings, Inc.3,825$14.1K0.0%+3,818
BlackRock, Inc.2,600$9.6K0.0%−955
Us Bancorp \de\2,400$8.9K0.0%New
Tower Research Capital LLC (TRC)2,253$8.3K0.0%−1,519
Institute for Wealth Management, LLC.555$2.0K0.0%New
MassMutual Private Wealth & Trust, FSB500$1.8K0.0%New
Hrt Financial LP96,018$3540.0%+73,720
Group One Trading LLC34$1250.0%No change
Hm Payson & Co31$1150.0%No change
Activest Wealth Management15$550.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
  45. 45
  46. 46
  47. 47
  48. 48