TESSCO Technologies

TESSCO Technologies, Inc. is a technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure, and mobile device accessories markets. The company was founded by Robert B. Barnhill Jr. in 1982 and is headquartered in Hunt Valley, MD.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

TESSCO Technologies (NASDAQ:TESS), is Your Total Source® for making wireless work. The convergence of wireless and the Internet is revolutionizing the way they live, work and play. New systems and applications are creating opportunities and challenges at an unprecedented rate. TESSCO is there, thinking in new ways for exceptional outcomes. TESSCO architects and delivers, with innovation, productivity and speed, the product and value chain solutions to organizations responsible for building, using and maintaining wireless broadband systems.

HUNT VALLEY, Md.--(BUSINESS WIRE)--(NASDAQ: TESS), TESSCO TECHNOLOGIES INCORPORATED (“Tessco” or the “Company") announced today that, at a Special Meeting of Stockholders held on July 13, 2023, Tessco stockholders approved the proposal to approve the merger transaction between Tessco and entities affiliated with Lee Equity Partners LLC and Twin Point Capital LLC, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless,.

TESSCO Technologies Incorporated Receives Stockholder Approval to Merge and Announces Expected Merger Closing Date

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TESSCO Technologies Incorporated (NasdaqGS: TESS) to entities affiliated with Lee Equity Partners and Twin Point Capital. Under the terms of the proposed transaction, shareholders of TESSCO will receive $9.00 in cash for each share of TESSCO that they own. KSF is seeking to determine whether this consideration.

TESSCO TECHNOLOGIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TESSCO Technologies Incorporated - TESS

Tessco Technologies (TESS) came out with a quarterly loss of $0.61 per share versus the Zacks Consensus Estimate of a loss of $0.50. This compares to loss of $0.12 per share a year ago.

Tessco Technologies (TESS) Reports Q4 Loss, Misses Revenue Estimates

HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2023 fourth quarter, ended March 26, 2023. Fourth-Quarter and Full Fiscal Year 2023 Financial Highlights (all from continuing operations): Fiscal year 2023 revenues increased by 8% and gross profit grew by 17%; fiscal 2023 revenues of $452 million, within guidance range Fiscal year 2023 net loss of $4.3 million, within guidance range Adjusted EBITDA for fiscal.

TESSCO Reports Fourth-Quarter Fiscal 2023 Financial Results

Arista Networks

Corning

Increased fiber densification and accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, GLW and TESS are well-positioned to make the most of the demand for seamless connectivity solutions.

3 Communication Stocks Likely to Transcend Industry Headwinds

MILWAUKEE , April 12, 2023 /PRNewswire/ -- Ademi LLP is investigating Tessco (NASDAQ: TESS) for possible breaches of fiduciary duty and other violations of law in its transaction with Alliance.

Shareholder Alert: Ademi LLP investigates whether TESSCO Technologies Incorporated has obtained a Fair Price in its transaction with Alliance

TESSCO Technologies (NASDAQ:TESS) has inked a merger agreement with the owners of Alliance Corporation and GetWireless, to create “a leading value-added telecommunications distributor in North America”. The deal between TESSCO, Lee Equity Partners and Twin Point Capital values the listed firm at around US$161.4mln, with shareholders due US$9 per share in cash.

TESSCO Technologies stock soars on merger news

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of TESSCO Technologies Incorporated (NASDAQ: TESS) to affiliates of Lee Equity Partners and Twin Point Capital for $9.00 in cash per share is fair to TESSCO shareholders. Halper Sadeh encourages TESSCO shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.

TESS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of TESSCO Technologies Incorporated Is Fair to Shareholders

Shares of Tessco Technologies Inc. TESS shot up 86.6% toward a two-year high in premarket trading Wednesday, after the wireless infrastructure company announced an agreement to be acquired by Alliance Corp. and GetWireless LLC in a deal reflecting a 91.5% premium. Under terms of the deal, Tessco shareholders will receive $9 in cash for each Tessco share they own, which compares with Tuesday's closing price of $4.70.

Tessco stock soars toward 2-year high after buyout deal at a more than 90% premium

HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS), (“Tessco” or the “Company”), today announced that the Company has entered into a definitive merger agreement with entities affiliated with Lee Equity Partners and Twin Point Capital, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (“GetWireless”), a value-added distributor of cellular solutions that connect the Internet of T

TESSCO Enters Into Definitive Merger Agreement

TESSCO Technologies Incorporated (NASDAQ:TESS ) Q3 2023 Earnings Conference Call February 8, 2023 8:30 AM ET Company Participants David Calusdian - Sharon Merrill Sandip Mukerjee - President and Chief Executive Officer Aric Spitulnik - Chief Financial Officer Conference Call Participants Maggie Nolan - William Blair Bill Dezellem - Tieton Capital Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.

TESSCO Technologies Incorporated (TESS) Q3 2023 Earnings Call Transcript

Tessco (TESS) delivered earnings and revenue surprises of 131.25% and 0.27%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Tessco Technologies (TESS) Q3 Earnings and Revenues Beat Estimates

HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported final financial results for its fiscal year 2023 third quarter, ended December 25, 2022. Third-Quarter Fiscal 2023 Financial Highlights (all from continuing operations): Third-quarter revenues of $114.9 million, up 12.1% year over year Carrier segment revenues of $48.6 million, up 12.0% year over year Commercial segment revenues of $66.3 million, up 12.

TESSCO Reports Third-Quarter Fiscal 2023 Financial Results

Harmonic

The accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, HLIT and TESS are well-positioned to make the most of the demand for seamless connectivity solutions.

3 Communication Stocks Likely to Ride on Fiber Densification

HUNT VALLEY, Md.--( BUSINESS WIRE )-- TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today announced the successful launch of its new Enterprise Resource Planning (ERP) system. The Company also announced preliminary results for its fiscal third quarter ended December 25, 2022 and reaffirmed guidance for its 2023 fiscal year. Tessco will issue its final fiscal third-quarter financial results after the market close on February 7, 2023 and will host a conference call the next morning at 8:30 a.m. ET.

TESSCO Technologies Announces Successful Launch of Enterprise Resource Planning (ERP) System; Reports Preliminary Third-Quarter Fiscal 2023 Financial Results

Airgain

Kaleyra

Riding on various growth drivers, Airgain (AIRG), Kaleyra (KLR) and TESSCO Technologies (TESS) are poised to benefit in 2023 and beyond.

3 Under-$10 Telecom Stocks Wall Street Analysts Recommend Buying

AudioCodes

The accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, AUDC and TESS are well-positioned to make the most of the demand for seamless connectivity solutions.

3 Communication Stocks Likely to Ride on Solid Demand Trends

TESSCO Technologies to Present at Sidoti Microcap Virtual Conference on November 10, 2022

TESSCO Technologies Incorporated (NASDAQ:TESS ) Q2 2023 Earnings Conference Call October 28, 2022 8:30 AM ET Company Participants David Calusdian - Sharon Merrill Sandip Mukerjee - President and Chief Executive Officer Aric Spitulnik - Chief Financial Officer Conference Call Participants Bill Dezellem - Tieton Capital Operator Good morning. My name is Rob, and I will be your conference operator today.

TESSCO Technologies Incorporated (TESS) Q2 2023 Earnings Call Transcript

Tessco (TESS) delivered earnings and revenue surprises of 200% and 6.47%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Tessco Technologies (TESS) Q2 Earnings and Revenues Beat Estimates

TESSCO Reports Strong Second-Quarter Fiscal 2023 Financial Results with Record Revenues

TESSCO Technologies Schedules Second-Quarter Fiscal 2023 Earnings Release and Conference Call

The accelerated pace of 5G deployment should help the Zacks Communication - Components industry thrive despite short-term headwinds. ANET, SPMYY and TESS are well-positioned to make the most of the demand for seamless connectivity solutions.

3 Communication Stocks Likely to Beat the Inflation Woes

HUNT VALLEY, Md.--(BUSINESS WIRE)--Ventev, a division of TESSCO Technologies, Inc. (Nasdaq: TESS), announced the launch of its new Universal Broadband Enclosure.

Ventev Launches a New Universal Broadband Enclosure for Harsh Environments

TESSCO Technologies Incorporated (NASDAQ:TESS ) Q1 2023 Earnings Conference Call July 27, 2022 8:30 AM ET Company Participants David Calusdian – Sharon Merrill Sandip Mukerjee – President and Chief Executive Officer Aric Spitulnik – Chief Financial Officer Conference Call Participants Jesse Wilson – William Blair Operator Hello. And thank you for standing by.

News for TESSCO Technologies Stock (TESS)