Aankondiging • Jul 21
TESSCO Technologies Incorporated Announces Board Changes TESSCO Technologies Incorporated announced that in connection with the consummation of the Merger, each of J. Timothy Bryan, Matthew W. Brewer, Steven T. Campbell, Stephanie Dismore, Kathleen McLean, Vernon Irvin, and Sandip Mukerjee, comprising all of the members of the Board of Directors of the Company (the “Board”) immediately prior to the Effective Time, resigned from the Board and from all Board committees on which these directors served. These resignations were required under the term of the Merger Agreement and were not a result of any disagreement between the Company and any director on any matter relating to the Company’s operations, policies, or practices. Aankondiging • Jul 18
TESSCO Technologies Incorporated to Delist from Nasdaq Stock Exchange TESSCO Technologies Incorporated 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 outstanding prior to merger has been converted into the right to receive $9.00 in cash, reflecting a Company enterprise value of approximately $160 million. As a result of the merger, Tessco common stock will cease trading on, and will be delisted from, the Nasdaq stock exchange. Recent Insider Transactions • Apr 28
Insider recently sold €479k worth of stock On the 25th of April, Robert Barnhill sold around 60k shares on-market at roughly €7.98 per share. This transaction amounted to 3.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €771k more than they bought in the last 12 months. Recent Insider Transactions • Apr 17
Insider recently sold €292k worth of stock On the 12th of April, Robert Barnhill sold around 40k shares on-market at roughly €7.30 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Feb 08
Third quarter 2023 earnings released: EPS: US$0.046 (vs US$0.14 in 3Q 2022) Third quarter 2023 results: EPS: US$0.046 (down from US$0.14 in 3Q 2022). Revenue: US$114.9m (up 12% from 3Q 2022). Net income: US$424.7k (down 65% from 3Q 2022). Profit margin: 0.4% (down from 1.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.2% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Communications industry in Europe. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Feb 08
TESSCO Technologies Incorporated Reaffirms Earnings Guidance for the Full Year Fiscal 2023 TESSCO Technologies Incorporated reaffirmed earnings guidance for the full year fiscal 2023. For the period, the company expects revenue to be in the range of $450.0 million to $475.0 million and net loss to be in the range of $5.0 million to $2.1 million. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Sandip Mukerjee is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Oct 29
TESSCO Technologies Incorporated Provides Earnings Guidance for the Fiscal Year 2023 TESSCO Technologies Incorporated provided earnings guidance for the fiscal year 2023. For the year, the company expects revenue of $450.0 million to $475.0 million and net loss $5.0 million to $2.1 million. Reported Earnings • Oct 28
Second quarter 2023 earnings released: EPS: US$0.13 (vs US$0.14 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.13 (up from US$0.14 loss in 2Q 2022). Revenue: US$120.5m (up 11% from 2Q 2022). Net income: US$1.17m (up US$2.45m from 2Q 2022). Profit margin: 1.0% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 7.0% p.a. on average during the next 2 years, compared to a 3.8% growth forecast for the Communications industry in Europe. Aankondiging • Oct 14
TESSCO Technologies Incorporated to Report Q2, 2023 Results on Oct 27, 2022 TESSCO Technologies Incorporated announced that they will report Q2, 2023 results After-Market on Oct 27, 2022 Aankondiging • Jul 28
TESSCO Technologies Incorporated Provides Earnings Outlook for the Full-Year Fiscal 2023 TESSCO Technologies Incorporated provided earnings outlook for the full-year fiscal 2023. For the period, the company expects Revenue of $450.0 Million - $475.0 Million. Net loss of (5.0 Million) – (2.1 Million). Reported Earnings • Jul 27
First quarter 2023 earnings released: US$0.057 loss per share (vs US$0.25 loss in 1Q 2022) First quarter 2023 results: US$0.057 loss per share (up from US$0.25 loss in 1Q 2022). Revenue: US$112.2m (up 6.9% from 1Q 2022). Net loss: US$517.4k (loss narrowed 77% from 1Q 2022). Over the next year, revenue is forecast to grow 7.7%, compared to a 8.1% growth forecast for the industry in Germany. Aankondiging • Jul 20
TESSCO Technologies Incorporated to Report Q1, 2023 Results on Jul 26, 2022 TESSCO Technologies Incorporated announced that they will report Q1, 2023 results After-Market on Jul 26, 2022 Aankondiging • Jun 18
TESSCO Technologies Incorporated, Annual General Meeting, Jul 28, 2022 TESSCO Technologies Incorporated, Annual General Meeting, Jul 28, 2022, at 09:00 US Eastern Standard Time. Agenda: To elect the seven director nominees listed in the Proxy Statement to serve until the 2023 annual meeting of shareholders and until their respective successors are duly elected and qualified; to ratify the appointment of Ernst & Young LLP as our independent registered public accounting firm for fiscal year 2023; and to consider and approve, by an advisory (non-binding) vote, the compensation of our named executive officers for fiscal year 2022. Aankondiging • Jun 02
TESSCO Technologies Incorporated Appoints Matthew W. Brewer to its Board Effective May 31, 2022, the Board of Directors of TESSCO Technologies Incorporated increased the size of the Board from six to seven directors, and appointed Matthew W. Brewer to serve on its Board to fill the vacancy thereby created. Mr. Brewer serves as an Equity Partner of Bartlit Beck LLP which he joined in 2008. He has also served on the Board of Commissioners of the Chicago Housing Authority since 2013 and on the Board of Governors of the Metropolitan Planning Council, since 2014. Mr. Brewer also served on the Board of Directors of Ann & Robert H. Lurie Children's Hospital of Chicago, from 2015 to February 2020. He has served as the Founder, Executive Director and Chairman of the Board of Directors of Future Leaders of Chicago, since 2015. Mr. Brewer received his B.A. in American Studies from Stanford University, his J.D. from Yale Law School and his M.B.A. from Harvard Business School. Reported Earnings • May 12
Full year 2022 earnings released: US$0.37 loss per share (vs US$1.65 loss in FY 2021) Full year 2022 results: US$0.37 loss per share (up from US$1.65 loss in FY 2021). Revenue: US$417.5m (up 12% from FY 2021). Net loss: US$3.31m (loss narrowed 77% from FY 2021). Over the next year, revenue is forecast to grow 7.8%, compared to a 7.0% growth forecast for the industry in Germany. Aankondiging • May 12
TESSCO Technologies Incorporated Provides Earnings Guidance for the Fiscal Year 2023 TESSCO Technologies Incorporated provided earnings guidance for the fiscal year 2023. For the period, the company expected revenue to be in the range of $450 million to $475 million and net loss to be in the range of $5 million to $2.1 million. Board Change • Apr 27
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. President, CEO & Director Sandip Mukerjee is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Aankondiging • Mar 29
TESSCO Technologies Incorporated Announces Douglas Rein Retirement Transition On March 22, 2022, TESSCO Technologies Incorporated (the “Company”) countersigned a letter dated as of March 15, 2022, from Douglas Rein, Senior Vice President, Performance Systems and Operations (the “Letter Agreement”) establishing mutually agreed terms that will allow Mr. Rein, who has served the Company for over 22 years, to transition out of his current position, remain available to train or transition his responsibilities to a successor, assist the Board and CEO in connection with various corporate initiatives, and then retire on March 26, 2023. Aankondiging • Feb 24
Lakeview Delivered Letter to TESSCO On February 22, 2022, Lakeview Investment Group LLC delivered a letter TESSCO Technologies Incorporated nominating a slate of 4 candidates, Matthew W. Brewer, Michael Brodsky, Joseph H. Quaglia, and Kenneth J. Spangler for election to the Board at the Company’s 2022 annual meeting of stockholders. Reported Earnings • Feb 04
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: EPS: US$0.14 (up from US$0.66 loss in 3Q 2021). Revenue: US$102.5m (up 3.2% from 3Q 2021). Net income: US$1.22m (up US$6.92m from 3Q 2021). Profit margin: 1.2% (up from net loss in 3Q 2021). The move to profitability was primarily driven by lower expenses. Revenue missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 10%, compared to a 5.6% growth forecast for the industry in Germany. Aankondiging • Feb 04
TESSCO Technologies Incorporated Revises Earnings Guidance for the Full Year of 2022 TESSCO Technologies Incorporated revised earnings guidance for the full year of 2022. For the period, the company expected revenue to be in the range of $408 million to $425 million against the previous revenue guidance range of $408 million to $442 million. Net loss to be in the range of $5.5 million to $2.6 million against the previous net loss guidance range of $6.5 million to $4.1 million. Aankondiging • Dec 09
Tessco Provides Update to SaaS Platform that Supports Device Monitoring and Management TESSCO Technologies Incorporated provided an update to its recently launched Device Lifecycle Management platform, a highly customizable, device-agnostic solution that provides remote end-to-end monitoring, alerting, and management of devices in a multi-vendor network. This is accomplished by offering a secure, web-based management portal that delivers a single pane of glass view, featuring automated and real-time data, measurement, insight, and configuration capabilities. This new platform gives Tessco’s channel customers a path to monetize device management and monitoring, enabling them to unlock and sell new service opportunities based on remote device monitoring, such as extended warranty tiers, service-level agreements (SLAs), and more efficient field operations.Tessco’s Device Lifecycle Management launched with an extensive device library, including the newest addition of BDAs from leading manufacturers such as Comba and Westell to help bring monitoring to the public safety sector. Tessco is continuously onboarding devices into the library to provide customers with a wider offering, which will ultimately speed up their deployment process. Executive Departure • Aug 26
Chairman of the Board Paul Gaffney has left the company On the 19th of August, Paul Gaffney's tenure as Chairman of the Board ended after 3.2 years in the role. As of June 2021, Paul still personally held 24.59k shares (€123k worth at the time). A total of 8 executives have left over the last 12 months. The current median tenure of the management team is 6.13 years. Aankondiging • Aug 05
Lakeview Investment Group Issues Statement on Annual Meeting Results of TESSCO Technologies On August 4, 2021, Lakeview Investment Group & Trading Company, LLC, issued a statement regarding the results of Tessco Technologies Incorporated’s 2021 annual meeting of stockholders. Lakeview announced that Tessco stockholders had spoken and delivered a clear and convincing vote of no confidence in Chairman Paul Gaffney, with approximately 53% of the votes cast against his re-election to the board. It is now incumbent on the board to carry out the will of stockholders and accept Gaffney’s resignation without delay. Lakeview also believed that the annual meeting results, including stockholders’ staunch opposition to CEO Sandip Mukerjee, represent a strong statement of support for the view that a sale of the Company is in the best interests of all stockholders. Accordingly, Lakeview reiterated the call for the board to immediately commence a full and fair process to sell the Company with the singular goal of maximizing value for all stockholders. Reported Earnings • Jul 29
First quarter 2022 earnings released: US$0.25 loss per share (vs US$0.54 loss in 1Q 2021) The company reported a decent first quarter result with reduced losses and improved control over expenses, although revenues were weaker. First quarter 2022 results: Revenue: US$105.0m (down 12% from 1Q 2021). Net loss: US$2.21m (loss narrowed 52% from 1Q 2021). Aankondiging • Jul 24
Robert B. Barnhill, Jr. Engages in Discussion with TESSCO Technologies Incorporated Shareholders On July 23, 2021, Robert B. Barnhill, Jr. intended to continue to engage in discussions with TESSCO Technologies Incorporated board and management, the Company's other shareholders, potential investors in the Issuer and/or other parties regarding, or take actions concerning, the Company's business, operations, governance, management, strategy, capitalization and/or board composition of the Company. In addition, Robert B. Barnhill, Jr. determined to withhold his support from the election of Sandip Mukerjee and Paul Gaffney as directors at the 2021 annual meeting. The decision by the Reporting Person to vote withhold authority with respect to Mukerjee and Gaffney was not the result of any agreement to act in concert with any other shareholders of the Company and should not be considered an endorsement of any other shareholder’s views or proposals regarding the Company. Aankondiging • Jun 30
Lakeview Investment Issues Letter to TESSCO Technologies On June 29, 2021, Lakeview Investment Group & Trading Company, LLC announced that it has issued a letter to the Board of Directors of TESSCO Technologies Inc. calling upon the Board to retain a reputable investment bank to run a full and fair process to sell the Company. Reported Earnings • Jun 13
Full year 2021 earnings released: US$1.65 loss per share (vs US$1.83 loss in FY 2020) The company reported a mediocre full year result with weaker revenues, although its control over expenses remained stable and losses reduced. Full year 2021 results: Revenue: US$373.3m (down 8.7% from FY 2020). Net loss: US$14.4m (loss narrowed 7.9% from FY 2020). Executive Departure • Jun 05
Senior Vice President of Commercial Sales Eddie Franklin has left the company On the 27th of May, Eddie Franklin's tenure as Senior Vice President of Commercial Sales ended after 1.2 years in the role. We don't have any record of a personal shareholding under Eddie's name. A total of 8 executives have left over the last 12 months. The current median tenure of the management team is 5.96 years. Reported Earnings • May 12
Full year 2021 earnings released: US$1.75 loss per share (vs US$2.53 loss in FY 2020) The company reported a soft full year result with weaker revenues and control over costs, although losses reduced. Full year 2021 results: Revenue: US$373.3m (down 31% from FY 2020). Net loss: US$15.2m (loss narrowed 29% from FY 2020). Aankondiging • May 11
TESSCO Technologies Incorporated Provides Earnings Guidance for the Fiscal Year 2022 TESSCO Technologies Incorporated provided earnings guidance for the fiscal year 2022. For fiscal year 2020, the company will maintain focus on cost controls and expect to achieve significant improvement in overall profitability. Executive Departure • Apr 06
Senior VP & Chief Information Officer has left the company On the 2nd of April, Joseph Cawley's tenure in the role of Senior VP & Chief Information Officer ended. As of December 2020, Joseph personally held only 7.01k shares (€35k worth at the time). A total of 7 executives have left over the last 12 months. Aankondiging • Feb 24
TESSCO Technologies Incorporated Announces Resignation of Joseph M. Cawley, Jr. as Senior Vice President Chief Information Officer TESSCO Technologies Incorporated announced that on February 19, 2021, Joseph M. Cawley, Jr., who served as Vice President Technology Development and Services from June 2017 to March 2019, and who since April 2019 has served as Senior Vice President Chief Information Officer, submitted his letter of resignation, to be effective April 2, 2021. Is New 90 Day High Low • Feb 24
New 90-day high: €7.54 The company is up 49% from its price of €5.05 on 25 November 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 19% over the same period. Reported Earnings • Feb 03
Third quarter 2021 earnings released: US$0.66 loss per share (vs US$0.59 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$99.2m (down 29% from 3Q 2020). Net loss: US$5.70m (loss widened 14% from 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 03
Revenue misses expectations Revenue missed analyst estimates by 2.8%. Over the next year, revenue is forecast to decline by -19% while the Communications industry in Germany is not expected to grow. Aankondiging • Feb 02
TESSCO Technologies Incorporated Announces Not Stand for Re-Election of Jay G. Baitler to the Board of Directors On January 30, 2021, Jay G. Baitler, who has served on the Board of Directors for over 13 years, advised the TESSCO Technologies Incorporated (Company) that he does not intend to stand for re-election at the Annual Meeting of Shareholders to be held in 2021. Is New 90 Day High Low • Feb 02
New 90-day high: €6.46 The company is up 34% from its price of €4.81 on 03 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 27% over the same period. Aankondiging • Jan 29
Ventev Gets Patent for Innovative Outdoor Wireless Bollard Ventev, the manufacturing unit of TESSCO Technologies Incorporated announced that it was awarded a new patent for the innovative design of its Outdoor Wireless Bollard. Ventev’s aesthetically-pleasing Outdoor Wireless Bollard enables seamless Wi-Fi and wireless communications in outdoor environments such as courtyards, walkways, and campuses. This compact bollard offers 70 inches of mounting space, more than any other wireless bollard on the market, and is constructed of RF-transparent, UV-resistant fiberglass and polycarbonate to protect and secure Wi-Fi access points, antennas, switches, media converters, and power supplies. The bollard has a unique internal structure that provides significantly higher strength and resistance to external forces than competing products. This makes installing network equipment, including Cisco and Aruba access points as well as most other access points and radios, simple, secure, and flexible. Aankondiging • Jan 26
TESSCO Technologies Incorporated to Report Q3, 2021 Results on Feb 01, 2021 TESSCO Technologies Incorporated announced that they will report Q3, 2021 results After-Market on Feb 01, 2021 Aankondiging • Jan 20
TESSCO Technologies Incorporated Announces Board Appointments TESSCO Technologies Incorporated announced the addition of two new members to its Board of Directors, Kathleen McLean and Tim Bryan. Both McLean and Bryan come with a wealth of knowledge and experience in the telecommunications industry, bringing new perspectives and valuable insights to the Board. McLean joins the Board with a comprehensive background in consulting, technology, telecommunications, and customer service for various public companies. From 2013 to 2016, McLean served as Senior Vice President, Chief Information Officer, and Chief Customer Officer for ADT Inc., a leading provider of electronic security, interactive home and business automation, and monitoring services for residences and small businesses in the U.S. and Canada. Since 2016, McLean has been a consultant and coach for senior executives in global corporations. Bryan has held a variety of executive and senior leadership roles throughout his career, and currently serves as the Chief Executive Officer of the National Rural Telecommunications Cooperative (NRTC), an organization focused on providing commercial technology solutions to the nation’s rural electric and telephone cooperatives and companies. Prior to the NRTC, Bryan served as the Chief Executive Officer of ICO Global Communications, the Chief Financial Officer of Craig McCaw’s Eagle River Holdings, and the President of United Pan Europe Communications (UPC) (now Liberty Global), to name a few. Bryan also served on several Boards of Directors, including organizations such as Nextel Communications, ARRIS International, and FirstNet. Aankondiging • Dec 19
TESSCO Technologies Incorporated Announces Board Changes TESSCO Technologies Incorporated announced that, effective as of December 11, 2020, stockholders of the Company to remove John D. Beletic from the Board. Mr. Barnhill asserted that the removal of any director had the further effect of removing both Cathy-Ann Martine-Dolecki and Ronald D. McCray. Also to elect J. Timothy Bryan and Kathleen McLean to the Board as directors. The Board has since appointed Mr. Bryan to serve on the Audit Committee and Ms. McLean to serve on the Board’s Nominating and Governance Committee. On December 16, 2020, Morton F. Zifferer, Jr. honored his commitment to resign from the Board upon the conclusion of the Barnhill Consent Solicitation and resigned from the Board, effective immediately. Is New 90 Day High Low • Dec 18
New 90-day low: €4.35 The company is down 16% from its price of €5.18 on 18 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Communications industry, which is flat over the same period. Aankondiging • Dec 04
Voice Comm L.L.C. completed the acquisition of Retail Business from TESSCO Technologies Incorporated (NasdaqGS:TESS). Voice Comm L.L.C. entered into a definitive agreement to acquire Retail Business from TESSCO Technologies Incorporated (NasdaqGS:TESS) for approximately $12 million on October 28, 2020. TESSCO Technologies estimates the total cash to be received at closing to be between $8 million and $12 million, in the aggregate, subject to customary post- closing adjustments. In addition, Voice Comm has agreed to conditional payments over the next two years for purchase price adjustments related to specified inventory sold, and future customer returns during the two year period after the closing, and royalty payments for sales of Ventev- branded mobile device and accessory products for a four year period after the closing. As part of the transaction, TESSCO will sell of most of the retail inventory, the Ventev brand as it relates to mobile device accessory products and certain other retail-related assets. TESSCO will retain its Ventev brand for use in its commercial business products and operations, and will continue to fulfill orders and support the Company’s retail business customers until the business has been transitioned to Voice Comm. The agreement also addresses operational matters regarding transition of the inventory and other assets sold to Voice Comm. Voice Comm paid a $1 million deposit to TESSCO, which, in the event of termination of the agreement before closing, will either be retained by TESSCO or returned to Voice Comm, depending on the reason for the termination. TESSCO will be required to return the deposit and pay up to $1 million, including reimbursement of Voice Comm’s expenses, if TESSCO does not proceed to closing under certain circumstances following a defined change in control of TESSCO.
For the fiscal year ended March 29, 2020, the Retail segment represented $131.3 million of TESSCO’s sales. Following closing, approximately 20 current TESSCO employees are expected to join Voice Comm, including Elizabeth S. Robinson, TESSCO's current Senior Vice President of Retail Sales and Product Marketing. Liz Robinson will join VoiceComm as Chief Operating Officer overseeing the product, sales and marketing divisions. The transaction is subject to various conditions. As of October 2020, TESSCO's board approved the transaction unanimously. The transaction is expected to close in the third quarter of fiscal 2021. As per TESSCO Technologies' earnings call, the transaction is expected to close in the latter half of the third quarter of fiscal 2021. TESSCO intends to use some of the proceeds from the retail transaction to further capitalize on the opportunity to take advantage of a once-in-a-generation opportunity in the wireless industry, resulting from the unprecedented and concurrent rollout of new technologies, including 5G, private LTE in the CBRS band, and IoT.
Voice Comm L.L.C. completed the acquisition of Retail Business from TESSCO Technologies Incorporated (NasdaqGS:TESS) on December 3, 2020. Tessco will continue to work with its retail customer and supplier partners to ensure a smooth transition. Tessco is retaining its Ventev brand for use in its commercial business products and operations. Reported Earnings • Nov 11
Second quarter 2021 earnings released: US$0.031 loss per share The company reported a poor second quarter result with weaker earnings, revenues and control over expenses. Second quarter 2021 results: Revenue: US$119.7m (down 16% from 2Q 2020). Net loss: US$266.9k (down US$288.9k from profit in 2Q 2020). Analyst Estimate Surprise Post Earnings • Nov 11
Revenue misses expectations Revenue missed analyst estimates by 0.5%. Over the next year, revenue is expected to shrink by 16% compared to a 2.8% growth forecast for the Communications industry in Germany. Aankondiging • Nov 10
TESSCO Technologies Incorporated Announces Board Changes TESSCO Technologies Incorporated announced the appointments of Cathy-Ann Martine-Dolecki and Ronald D. McCray to its Board of Directors, effective immediately. Additionally, Dennis J. Shaughnessy will be stepping down from the Board, effective immediately, and Morton F. Zifferer will step down from the Board, effective upon the conclusion of the ongoing consent solicitation process. Cathy Martine spent more than 30 years at AT&T, including serving as President, National Business, before her retirement in 2017. Ron McCray currently serves as an advisor to RLJ Equity Partners. He is also a member of the Board of Directors of A.H. Belo, where he chairs the Audit Committee and is a member of the Compensation and Nominating Committees. He previously served as chairman, interim president and chief executive officer of Career Education Corporation, a for-profit education services company. Analyst Estimate Surprise Post Earnings • Oct 30
Second-quarter earnings released: Revenue misses expectations Second-quarter revenue missed analyst estimates by 0.5% at US$119.7m. Revenue is expected to shrink by 16% over the next year, compared to a 4.7% growth forecast for the Communications industry in Germany. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total losses of US$24.0m, with earnings decreasing by US$24.7m from the prior year. Total revenue was US$507.2m over the last 12 months, down 11% from the prior year. Aankondiging • Oct 30
Voice Comm L.L.C. entered into a definitive agreement to acquire Retail Business from TESSCO Technologies Incorporated (NasdaqGS:TESS). Voice Comm L.L.C. entered into a definitive agreement to acquire Retail Business from TESSCO Technologies Incorporated (NasdaqGS:TESS) on October 29, 2020. As part of the transaction, Tessco will sale of most of the retail inventory, the Ventev brand as it relates to mobile device accessory products and certain other retail-related assets. Tessco will retain its Ventev brand for use in its commercial business products and operations. For the fiscal year ended March 29, 2020, the Retail segment represented $131.3 million of Tessco’s sales and $12.2 million of gross profit. Following closing, approximately 20 current Tessco employees are expected to join Voice Comm, including Elizabeth S. Robinson, Tessco’s current Senior Vice President of Retail Sales and Product Marketing. Liz Robinson will join VoiceComm as Chief Operating Officer overseeing the product, sales and marketing divisions. The transaction is subject to various conditions. The transaction is expected to close in the third quarter of fiscal 2021. Aankondiging • Oct 20
TESSCO Technologies Incorporated to Report Q2, 2021 Results on Oct 28, 2020 TESSCO Technologies Incorporated announced that they will report Q2, 2021 results at 5:00 PM, Eastern Standard Time on Oct 28, 2020 Aankondiging • Sep 21
TESSCO Technologies Incorporated(NasdaqGS:TESS) dropped from S&P Global BMI Index TESSCO Technologies Incorporated(NasdaqGS:TESS) dropped from S&P Global BMI Index Aankondiging • Jul 21
TESSCO Technologies Incorporated to Report Q1, 2021 Results on Jul 27, 2020 TESSCO Technologies Incorporated announced that they will report Q1, 2021 results at 5:00 PM, Eastern Standard Time on Jul 27, 2020 Aankondiging • Jul 04
TESSCO Technologies Incorporated(NasdaqGS:TESS) dropped from Russell 2000 Defensive Index TESSCO Technologies Incorporated(NasdaqGS:TESS) dropped from Russell 2000 Defensive Index