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COMS ComSovereign Holding

COMSovereign Holding Corp. (Nasdaq: COMS) has assembled a portfolio of communications technology companies that enhance connectivity across the entire data transmission spectrum. Through strategic acquisitions and organic research and development efforts, COMSovereign has become a U.S.-based communications provider able to provide 4G LTE Advanced and 5G-NR telecom solutions to network operators and enterprises.

Company profile

Ticker
COMS, COMSW
Exchange
CEO
Jay H. Nussbaum
Employees
Incorporated
Location
Fiscal year end
Former names
ComSovereign Holding Corp, DRONE AVIATION HOLDING CORP., MACROSOLVE INC
SEC CIK
Subsidiaries
AZCOMS, LLC • Dragonwave Corp. • Dragonwave-X Canada, Inc. • Dragonwave-X, LLC • Drone AFS Corp. • ComSovereign Corp. • Elitise LLC • Fast Plastic Parts LLC • InduraPower, Inc. • Lextrum, Inc. ...

COMS stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Aug 21
21 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 5.4M 5.4M 5.4M 5.4M 5.4M 5.4M
Cash burn (monthly) 1.86M (positive/no burn) 3.46M 4.33M 4.22M 2.64M
Cash used (since last report) 6.92M n/a 12.91M 16.16M 15.73M 9.85M
Cash remaining -1.52M n/a -7.51M -10.76M -10.32M -4.45M
Runway (months of cash) -0.8 n/a -2.2 -2.5 -2.4 -1.7

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Sep 21 Brent M Davies Common Stock Buy Acquire P Yes No 1.59 2,000 3.18K 566,267
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.74 4,456 7.75K 1,483,763
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.72 35,241 60.61K 1,479,307
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.719 103 177.06 1,444,066
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.71 9,695 16.58K 1,443,963
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.7 6,205 10.55K 1,434,268
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.69 4,270 7.22K 1,428,063
21 Sep 21 Dustin H. McIntire Common Stock Buy Acquire P No No 1.689 30 50.67 1,423,793
15 Sep 21 Brent M Davies Common Stock Buy Acquire P Yes No 1.76 2,000 3.52K 564,267
14 Sep 21 Brent M Davies Common Stock Buy Acquire P Yes No 1.73 1,000 1.73K 562,267

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

0.0% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 1 0 NEW
Opened positions 1 0 NEW
Closed positions 0 1 EXIT
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 1 0 NEW
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Huntington National Bank 1 $0 NEW
Largest transactions
Shares Bought/sold Change
Huntington National Bank 1 +1 NEW

Financial report summary

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Management Discussion
  • From the date of its incorporation (January 10, 2019) until the date of its first acquisition, as described above, COMSovereign had no business operations. COMSovereign’s entire activity after its inception date through the date of consummation of the COMSovereign Acquisition was limited to the evaluation of and consummation of business acquisition transactions as well as preparatory actions, including manufacturing line readiness and subsidiary integration actions, which impeded the ability of DragonWave to have products manufactured and shipped during the period. For the period January 10, 2019 (Inception) to December 31, 2019, COMSovereign generated only nominal revenues.
  • For the year ended December 31, 2020, total revenues increased $4,714,624, or 100%, which were derived primarily from a full year of revenue from mobile network backhaul products, the acquisition of Sovereign Plastics and VNC, the test-market sale of certain high-performance after-market models of our intelligent batteries, and to a lesser extent, from a full year of revenue of our Drone Aviation aerostat products and accessories, which were included in our operating results after November 27, 2019, the date of the COMSovereign Acquisition.
  • For the year ended December 31, 2020, cost of goods sold increased $1,605,245, or 54%, which primarily consisted of the increases in payments to our contact manufacturer for the production of our mobile network backhaul products and the materials, parts and labor associated with the manufacturing of our intelligent batteries and plastics, all due directly related to our increase in revenues.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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