TESSCO Technologies Incorporated architects and delivers product and value chain solutions to support wireless systems in the United States and internationally. The company offers base station infrastructure products, including base station antennas, cable and transmission lines, small towers, lightning protection devices, connectors, power systems, enclosures, grounding products, jumpers, miscellaneous hardware products, and mobile antennas to build, repair, and upgrade wireless broadband systems. It also provides network systems products, such as fixed and mobile broadband radio equipment, wireless networking filtering and distributed antenna systems, two-way radios, and security and surveillance products. In addition, the company offers installation, test, and maintenance products comprising analysis equipment; and various frequency, voltage, and power-measuring devices, as well as tools, hardware, GPS and safety products, and replacement and component parts and supplies to install, tune, and maintain wireless communications equipment. The company sells its products to carrier and public network operators, tower owners, program managers, contractors and integrators, private system operators, federal governments, state and local governments, manufacturers, value-added resellers, retail carrier stores and their independent agents, and other retailers under the Ventev brand. TESSCO Technologies Incorporated was founded in 1982 and is headquartered in Hunt Valley, Maryland.
IPO Year: 1994
Exchange: NASDAQ
Website: tessco.com
| Date | Price Target | Rating | Analyst |
|---|
Martin Kits van Heyningen to retire after 40 years of service at KVH Chief Operating Officer Brent Bruun to become Interim Chief Executive Officer Cathy-Ann Martine-Dolecki named new independent Chairman Company initiates search for new Chief Executive Officer KVH Industries, Inc., (NASDAQ:KVHI), today announced that its longstanding President and Chief Executive Officer, Martin Kits van Heyningen, is retiring from his executive and Board roles after more than 40 years at the Company. Mr. Kits van Heyningen is a co-founder of KVH and has served as President and a director since 1982, Chief Executive Officer since 1990 and as Chairman of the Board of Directors since 2007. He has been is
HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO Technologies Incorporated (NASDAQ: TESS), its Board of Directors and Mr. Robert Barnhill today issued the following joint statement. “We have recently concluded a difficult and at times contentious consent solicitation process. During the process, we listened to a variety of views from our shareholders on the composition of our board. TESSCO shareholders also were clear that they believe the board and management should now turn its full attention to improving TESSCO’s shareholder returns. “As of today, TESSCO’s Board is comprised of seven individuals: Sandip Mukerjee, Jay Baitler, Tim Bryan, Paul Gaffney, Kathleen McLean, Stephanie Dismore
HUNT VALLEY, Md.--(BUSINESS WIRE)--TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today sent the following letter to shareholders urging them to sign and return TESSCO’s GREEN consent revocation card in order to prevent Robert B. Barnhill Jr. from taking control of TESSCO’s Board of Directors: December 3, 2020 Dear TESSCO Shareholder, We are writing to urge you to sign and return the GREEN consent revocation card to ensure that Mr. Barnhill cannot take control of the TESSCO Board by replacing a majority of the directors with his handpicked nominees. Mr. Barnhill continues to assert that his goa
15-12G - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
S-8 POS - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
8-K - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
8-K - TESSCO TECHNOLOGIES INC (0000927355) (Filer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
4 - TESSCO TECHNOLOGIES INC (0000927355) (Issuer)
SC 13G/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13G - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13D/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13D/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13G/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13G - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13G/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13D/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13G - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
SC 13G/A - TESSCO TECHNOLOGIES INC (0000927355) (Subject)
TESSCO Shareholders to Receive $9 Per Share in Cash in $160 Million Acquisition TESSCO TECHNOLOGIES INCORPORATED ("Tessco" or the "Company") today announced the closing of its previously announced merger 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 Things (IoT). Tessco shareholders approved the transaction at a special meeting of shareholders held on July 13, 2023. Under the terms of the merger, each share of Company common stock out
(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, LLC ("GetWireless"), a value-added distributor of cellular solutions that connect the Internet of Things (IoT). The Company also announced that it expects the merger transaction to close on Monday, July 17, 2023, subject to customary
TESSCO Shareholders to Receive $9 Per Share in Cash in $161.4 Million Acquisition 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 Things (IoT). Under the terms of the merger agreement, all outstanding shares of Company common stock will be acquired for $9.00 in cash, resulting in a
Third-quarter Revenues of $114.9 million, Up 12% Year Over Year New Enterprise Resource Planning (ERP) System Launched in January Company Reaffirms Guidance for Fiscal Year 2023 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 12.2% year over year Sales backlog of $84 million, compared to $98 million at end of second qua
Company Reaffirms Guidance for Fiscal Year 2023 Earnings Conference Call Scheduled for 8:30 a.m. ET on February 8 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. "In early January we launched ou
Presentation Times and Weblinks Released for Over 35 Presenting CompaniesWednesday and Thursday, November 9-10, 2022NEW YORK, NY / ACCESSWIRE / November 8, 2022 / Sidoti & Company, LLC has released the presentation schedule and weblinks for its two-day November Micro-Cap Conference taking place Wednesday and Thursday, November 9-10, 2022. The links can also be found at www.sidoticonference.com/events .Presentation AgendaWednesday, November 9th, 2022 (Day 1)9:15-9:45Bel Fuse (BELFB)Splash Beverage Group (SBEV)Generation Income Properties (GIPR)10:00-10:30*****Miromatrix Medical Inc. (MIRO)FRX Innovations (FRXI)10:45-11:15Guerrilla RF (GUER)CVG (CVGI)EzFill Holdings (EZFL)11:30-12:00CareCloud
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, today announced that the Company's management team will present at the Sidoti Microcap Virtual Conference on November 10, 2022. TESSCO's presentation is scheduled to begin at 10:45 a.m. ET. President and Chief Executive Officer Sandip Mukerjee and Chief Financial Officer Aric Spitulnik will present and be available for one-on-one meetings with investors. A link to the webcast of the presentation will be available in the Events & Presentations section of the Company's investor relations website. An archive of the presentation also will be available on the Compa
Record Second-quarter Revenues of $120.5 million, Up 11% Year Over Year Net Income and Adjusted EBITDA Up $2.4 Million and $2.5 Million Year over Year, Respectively Sales Backlog Remains Near Record Highs TESSCO TECHNOLOGIES INCORPORATED (NASDAQ:TESS) today reported financial results for its fiscal year 2023 second quarter, ended September 25, 2022. Second-Quarter Fiscal 2023 Financial Highlights (all from continuing operations) Record second-quarter revenues of $120.5 million, up 11.0% year over year Record quarterly Carrier segment revenues of $51.9 million, up 11% year over year Sales backlog at the end of the second quarter of $98 million, compared to $99 million at the end of
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal second quarter ended September 25, 2022 after the market closes on Thursday, October 27, 2022. Management will host a conference call to discuss these results the following day, Friday, October 28, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). The conference ID is 4111132. A live webcast of the conference call will be available on the Events & Presentations page of the Company's website. All participants should call or ac
Ventev, a division of TESSCO Technologies, Inc. (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, announced the launch of its new Universal Broadband Enclosure. This compact, modular, and lightweight solution powers, protects, and enables reliable backup for radio and networking equipment in harsh environments. The Universal Broadband Enclosure is the latest addition to Ventev's Power Systems product line. Its compact design offers an ideal fit for locations where aesthetics and footprint are important. This NEMA 3R rated enclosure is designed to power and protect in harsh conditions, including outside plant environments. The Universal Broa
Third-quarter Revenues of $114.9 million, Up 12% Year Over Year New Enterprise Resource Planning (ERP) System Launched in January Company Reaffirms Guidance for Fiscal Year 2023 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 12.2% year over year Sales backlog of $84 million, compared to $98 million at end of second qua
Company Reaffirms Guidance for Fiscal Year 2023 Earnings Conference Call Scheduled for 8:30 a.m. ET on February 8 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. "In early January we launched ou
Record Second-quarter Revenues of $120.5 million, Up 11% Year Over Year Net Income and Adjusted EBITDA Up $2.4 Million and $2.5 Million Year over Year, Respectively Sales Backlog Remains Near Record Highs TESSCO TECHNOLOGIES INCORPORATED (NASDAQ:TESS) today reported financial results for its fiscal year 2023 second quarter, ended September 25, 2022. Second-Quarter Fiscal 2023 Financial Highlights (all from continuing operations) Record second-quarter revenues of $120.5 million, up 11.0% year over year Record quarterly Carrier segment revenues of $51.9 million, up 11% year over year Sales backlog at the end of the second quarter of $98 million, compared to $99 million at the end of
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal second quarter ended September 25, 2022 after the market closes on Thursday, October 27, 2022. Management will host a conference call to discuss these results the following day, Friday, October 28, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). The conference ID is 4111132. A live webcast of the conference call will be available on the Events & Presentations page of the Company's website. All participants should call or ac
Sales Up 7% Year Over Year to $112 Million, Sales Bookings Reach Quarterly Record $137 Million Sales Backlog Grows to $99 Million, Up 32% Sequentially From Q4 2022 Company Reiterates Full-year Fiscal 2023 Guidance, Including 11% Revenue Growth at Midpoint of Range TESSCO TECHNOLOGIES INCORPORATED (NASDAQ:TESS) today reported financial results for its fiscal year 2023 first quarter, ended June 26, 2022. First-Quarter Financial Highlights (from continuing operations) First-quarter, fiscal-year 2023 revenues of $112.2 million, up 7% year over year Record quarterly bookings of $137.3 million with quarterly record total backlog of $99.1 million, up from $75.2 million as of the end of Q4
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal first quarter ended June 26, 2022 after the market closes on Tuesday, July 26, 2022. Management will host a conference call to discuss these results the following day, July 27, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). The conference ID is 4111132. A live webcast of the conference call will be available on the Events & Presentations page of the Company's website. All participants should call or access the website 10 m
Met or Exceeded FY2022 Revenue, EBITDA and Net Loss Targets FY2022 Sales Bookings Grew 21% over FY2021 Sales Backlog Entering FY2023 Up 120%, or $41 Million, Compared to Sales Backlog Entering FY2022 Company Provides Full-year Fiscal 2023 Guidance for 11% Revenue Growth at Mid-point of Range TESSCO TECHNOLOGIES INCORPORATED (NASDAQ:TESS) today reported financial results for its fiscal year 2022 fourth quarter and year ended March 27, 2022. Fourth-Quarter and Full Fiscal Year Financial Highlights from Continuing Operations Fourth-quarter fiscal-year 2022 revenues of $101.6 million, up 14.5% compared with the fourth quarter of prior fiscal year Fiscal year 2022 revenues of $417.5 mil
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal fourth quarter ended March 27, 2022 after the market closes on Tuesday, May 10, 2022. Management will host a conference call to discuss these results the following day, May 11, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). The conference ID is 4111132. A live webcast of the conference call will be available on the Events & Presentations page of the Company's website. All participants should call or access the website 10 m
Third-Quarter Net Income of $1.2 Million and Adjusted EBITDA of $1.0 Million Third-Quarter Revenues of $102.5 million, Up 3% Year Over Year Third-Quarter Overall Sales Order Bookings up 7% Year Over Year Company Revises Guidance for Full-year Fiscal 2022 TESSCO TECHNOLOGIES INCORPORATED (NASDAQ:TESS) today reported financial results for its fiscal year 2022 third quarter, ended December 26, 2021. Third-Quarter Financial Highlights Net income of $1.2 million Adjusted EBITDA* of $1.0 million, first quarter of positive adjusted EBITDA since the Company began tracking results from continuing operations at the start of fiscal 2020 following its exit from the retail business Third-quar
TESSCO Technologies Incorporated (NASDAQ:TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal third quarter ended December 26, 2021 after the market closes on Thursday, February 3, 2022. Management will host a conference call to discuss these results the following day, February 4, at 8:30 a.m. ET. To participate in the conference call, please call 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). A live webcast of the conference call will be available on the Events & Presentations page of the Company's website. All participants should call or access the website 10 minutes before the c
(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, LLC ("GetWireless"), a value-added distributor of cellular solutions that connect the Internet of Things (IoT).The Company also announced that it expects the merger transaction to close on Monday, July 17, 2023, subject to customary clos
Tessco Technologies (NASDAQ:TESS) brought in sales totaling $104.20 million during Q4 according to data provided by Benzinga Pro. However, earnings decreased 1427.41%, resulting in a loss of $5.64 million. In Q3, Tessco Technologies earned $424 thousand, and total sales reached $114.88 million. What Is ROCE? Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q4, Tessco Technologie
Tessco Technologies (NASDAQ:TESS) reported its Q4 earnings results on Friday, May 26, 2023 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Tessco Technologies missed estimated earnings by 22.0%, reporting an EPS of $-0.61 versus an estimate of $-0.5. Revenue was up $2.61 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.21 which was followed by a 1.85% increase in the share price the next day. Here's a look at Tessco Technologies's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate -0.16 -0.13 -0.13 -0.21 EPS Actual 0.05 0.13 -0.06 -0.12 Revenue Estimate 114.57M 113.19M
Tessco Technologies (NASDAQ:TESS) reported quarterly losses of $(0.61) per share which missed the analyst consensus estimate of $(0.50) by 22 percent. This is a 408.33 percent decrease over losses of $(0.12) per share from the same period last year. The company reported quarterly sales of $104.20 million which missed the analyst consensus estimate of $116.16 million by 10.30 percent. This is a 2.57 percent increase over sales of $101.59 million the same period last year.
Upgrades UBS upgraded the previous rating for Ingredion Inc (NYSE:INGR) from Neutral to Buy. For the fourth quarter, Ingredion had an EPS of $1.65, compared to year-ago quarter EPS of $1.09. At the moment, the stock has a 52-week-high of $105.24 and a 52-week-low of $78.86. Ingredion closed at $101.56 at the end of the last trading period. For Montauk Renewables Inc (NASDAQ:MNTK), UBS upgraded the previous rating of Sell to Neutral. For the fourth quarter, Montauk Renewables had an EPS of $0.05, compared to year-ago quarter EPS of $0.04. At the moment, the stock has a 52-week-high of $20.78 and a 52-week-low of $6.58. Montauk Renewables closed at $7.00 at the end of the last trading perio
William Blair analyst Maggie Nolan downgrades Tessco Technologies (NASDAQ:TESS) from Outperform to Market Perform.
U.S. stocks traded lower toward the end of trading, with the Nasdaq Composite dropping around 80 points on Wednesday. The Dow traded down 0.12% to 33,643.89 while the NASDAQ fell 0.67% to 11,951.16. The S&P 500, also fell, dropping, 0.33% to 4,095.41. Check This Out: $4M Bet On Jasper Therapeutics? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying Leading and Lagging Sectors Energy shares rose by 0.2% on Wednesday. Meanwhile, top gainers in the sector included 4,095.41 (NASDAQ:BANL), up 10%, and 4,095.41 (NYSE:BPT), up 4%. In trading on Wednesday, consumer discretionary fell by 1.4%. Top Headline Apogee Enterprises Inc (NASDAQ:APOG) posted upbeat earnings
Gainers Tessco Technologies (NASDAQ:TESS) stock moved upwards by 86.9% to $8.79 during Wednesday's regular session. Tessco Technologies's stock is trading at a volume of 737.9K shares as of 13:30 EST. This is 8580.6% of its average full-day volume over the last 100 days. The company's market cap stands at $81.0 million. HeartCore Enterprises (NASDAQ:HTCR) shares increased by 40.89% to $1.24. Trading volume for this security as of 13:30 EST is 16.1 million, which is 13753.2% of its average full-day volume over the last 100 days. The company's market cap stands at $25.8 million. ComSovereign Holding (NASDAQ:COMSP) shares rose 37.24% to $3.5. ICZOOM Group (NASDAQ:IZM) stock moved upwards by
Gainers TESSCO Technologies Incorporated (NASDAQ:TESS) shares jumped 86.8% to $8.78 as it agreed to be acquired by entities affiliated with Lee Equity Partners and Twin Point Capital for $9.00 in cash, resulting in an enterprise value of $161.4 million. National CineMedia, Inc. (NASDAQ:NCMI) jumped 84% to $0.37. National CineMedia disclosed filing a voluntary Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas. Altamira Therapeutics Ltd. (NASDAQ:CYTO) gained 64.8% to $2.1759 after the company reported publication of results from Phase 2 trial with AM-125 in acute vestibular syndrome in leading peer reviewed journal. HeartCore Enterprises, Inc. (NASDAQ:H
U.S. stocks traded higher midway through trading, with the Nasdaq Composite trading higher on Wednesday. The Dow traded up 0.35% to 33,802.08 while the NASDAQ rose 0.10% to 12,043.72. The S&P 500, also rose, gaining, 0.25% to 4,119.23. Check This Out: $4M Bet On Jasper Therapeutics? Check Out These 3 Penny Stocks Insiders Are Aggressively Buying Leading and Lagging Sectors Real estate shares rose by 0.7% on Wednesday. Meanwhile, top gainers in the sector included SYLA Technologies Co., Ltd. (NASDAQ:SYT), up 2%, and Empire State Realty OP, L.P. (NYSE:ESBA), up 3%. In trading on Wednesday, consumer discretionary fell by 0.3%. Top Headline US crude oil inventories increased by 0.