Telit

OverviewSuggest Edit

Telit Communications is a provider of wireless machine-to-machine technology and services including connectivity cloud and PaaS application enablement services. It also offers a range of integrated products, platforms, and services to support and enable IoT deployments from things to apps. Its portfolio of modules addresses cellular communication technologies, GNSS, and short-to-long range wireless applications.
TypePrivate
Founded1986
HQLondon, GB
Websitetelit.com
Employee Ratings3.7

Latest Updates

Employees (est.) (Jul 2022)737
Revenue (FY, 2020)$343.6 M(-12%)
Share Price (Aug 2021)£2.3
Cybersecurity ratingBMore
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Key People/Management at Telit

Paolo Dal Pino

Paolo Dal Pino

Chief Executive Officer
Eyal Shefer

Eyal Shefer

Chief Financial Officer
Manish Watwani

Manish Watwani

Chief Marketing and Product Officer
Itzik Molcho

Itzik Molcho

Chief Operating Officer
Yamit Sela

Yamit Sela

Chief Information Officer
Sharon Arad-Tzuk

Sharon Arad-Tzuk

Head of Global Human Resources
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Telit Office Locations

Telit has offices in London and Boca Raton
London, GB (HQ)
78 Cannon St
Boca Raton, FL, US
5300 Broken Sound Blvd NW #150
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Telit Financials and Metrics

Summary Metrics

Founding Date

1986
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Telit Revenue

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Telit's revenue was reported to be $343.62 m in FY, 2020
USD

Revenue (FY, 2020)

343.6m

Gross profit (FY, 2020)

121.5m

Gross profit margin (FY, 2020), %

35.4%

Net income (FY, 2020)

6.2m

EBIT (FY, 2020)

13.2m

Cash (31-Dec-2020)

101.2m
USDFY, 2018FY, 2019FY, 2020

Revenue

427.5m392.5m343.6m

Cost of goods sold

288.3m263.3m222.1m

Gross profit

139.2m129.3m121.5m

Gross profit Margin, %

33%33%35%
USDFY, 2018FY, 2019FY, 2020

Cash

35.0m81.3m101.2m

Accounts Receivable

99.6m83.4m81.1m

Inventories

27.2m15.0m11.9m

Current Assets

178.4m220.4m217.2m
USDFY, 2018FY, 2019FY, 2020

Net Income

(36.4m)47.4m6.2m

Depreciation and Amortization

32.3m23.3m24.4m

Inventories

(4.2m)11.4m3.4m

Accounts Payable

16.7m(17.2m)(13.3m)
USDFY, 2018

Revenue/Employee

411.0k

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

3.7 x
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Telit Operating Metrics

Jun, 2022

Industries Served

6

Product Categories

3

Solutions

6

Telit Acquisitions / Subsidiaries

Company NameDateDeal Size
Dai Telecom Holdings (2000) Ltd.
GlobalConect Ltd
SecureWISE LLC
Telit Communications Cyprus Ltd.
Telit Communications SpA
Telit Communications Spain SL
Telit Technologies (Cyprus) Ltd.
Telit Wireless Services Ltd.
Telit Wireless Solutions (Australia) Pty Limited
Telit Wireless Solutions Co Ltd
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Telit Revenue Breakdown

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Telit revenue breakdown by business segment: 85.9% from LoT Products - Industrial, 13.6% from Cloud and Connectivity Services and 0.6% from Other

Telit revenue breakdown by geographic segment: 28.9% from EMEA, 56.5% from Americas and 14.6% from APAC

Telit Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Telit Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Telit Online and Social Media Presence

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Telit News and Updates

Telit and Thales Announce the Creation of the Leading Western IoT Solutions Provider: Telit Cinterion

Telit and Thales jointly announce intended transaction whereby Telit incorporates Thales' cellular IoT products business and goes forward under Telit leadership Combined company, to be called Telit Cinterion, is leading Western IoT provider, supporting customers with expanded IoT...

Telit Partners with MicroEJ on Software Development Solutions to Enable a Broader Development Ecosystem

Advanced development teams can distribute functions across different layers, using Telit App Zone SDK to develop BSP functions and drivers in C/C++, while using MicroEJ layer to develop the application Telit+MicroEJ enables complex application development, with support for Java, Kotlin...

Telit Joins ConectarAGRO Association to Bring 4G Connectivity and Advanced Technologies to Brazilian Farmers

Supporting mission to expand access to 4G coverage and precision farming technologies with portfolio of products and services that enable agricultural applications LONDON, April 19, 2022 /PRNewswire/ -- Telit, a global enabler of the Internet of Things (IoT), today announced a strategic...

Form 8.5 (EPT/RI) - Telit Communications plc

FORM 8.5 (EPT/RI)

Form 8.5 (EPT/RI) - Telit Communications Plc

FORM 8.5 (EPT/RI)

Form 8.5 (EPT/RI) Telit Communications plc

     FORM 8.5 (EPT/RI)
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Telit Blogs

The Business Advantages of a Multi-GNSS Setup

The Internet of Things (IoT) connects a steady information stream between the people and processes powering the world. Global Navigation Satellite Systems (GNSS) provide critical timing and positioning functions for device operations.  GNSS uses satellite technology to provide insight into connected…

Prepaid or Postpaid Connectivity: The Choice Is Yours

You have options for your IoT deployment. You can select versatile capabilities like embedded Universal Integrated Circuit Card (eUICC) or a plethora of innovative, fit-for-purpose solutions. How you pay for the connectivity of those deployments should be one of your choices, too.  Postpaid plans, i…

The Role of RedCap in the Medium- to Long-Term Evolution of 5G

The upcoming launch of 3GPP Release (Rel) 17 in mid-2022 will introduce reduced capability (RedCap), part of 5G New Radio (NR). In some ways, 5G RedCap seeks to cover the needs currently met by LTE Cat 1 through Cat 4. It’s a light version of the 5G standard. 5G RedCap is designed for use cases... T…

Benefits of Smart Building Automation with IoT

Building managers and real estate investors aren’t the only ones interested in reducing building operating costs and improving related efficiencies. Business owners and operators looking to reduce utility and maintenance costs can profit from employing Internet of Things (IoT) systems management pla…

MVNO: 3 Things to Consider

Everybody wants IoT with its ability to connect thousands of sensors, systems and machines across an entire enterprise. IoT offers businesses unprecedented agility, efficiency and responsiveness — essential qualities in today’s consumer-centric and value-driven business environment. An IoT deploymen…

The IoT Connectivity Ecosystem Is Evolving Rapidly — Are You Ready?

Rapid changes in technology and business models in the global roaming and IoT connectivity ecosystems are bringing uncertainties to the market. These unknowns may cause disruptions to IoT connectivity service cost and availability. At the same time, they’re muddying the waters when it comes to makin…
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Telit Frequently Asked Questions

  • When was Telit founded?

    Telit was founded in 1986.

  • Who are Telit key executives?

    Telit's key executives are Paolo Dal Pino, Eyal Shefer and Manish Watwani.

  • How many employees does Telit have?

    Telit has 737 employees.

  • What is Telit revenue?

    Latest Telit annual revenue is $343.6 m.

  • What is Telit revenue per employee?

    Latest Telit revenue per employee is $466.2 k.

  • Who are Telit competitors?

    Competitors of Telit include Iskratel, Sierra Wireless and u-blox.

  • Where is Telit headquarters?

    Telit headquarters is located at 78 Cannon St, London.

  • Where are Telit offices?

    Telit has offices in London and Boca Raton.

  • How many offices does Telit have?

    Telit has 2 offices.