JCS Communications Systems Dashboard

Communications Systems, Inc., an IoT intelligent edge products and services company, provides network infrastructure and services for global deployments of enterprise and industrial networks. CSI operates under its Electronics & Software and Services & Support operating segments. Electronics & Software segment provides smart, flexible solutions at network edge, by giving customers the ability to easily provision and proactively manage their networks with actionable insights about their edge devices and connected end points, thereby minimizing the administrative burden of the operator. Services & Support segment provides fully managed services for all aspects of design, deployment, support and maintenance of customer networks. With partners and customers in over 50 countries, CSI has built a reputation as a reliable global innovator focusing on quality and customer service.

Company profile

Ticker

JCS

Exchange

NASDAQ

Website

www.commsystems.com

CEO

Roger H. D. Lacey

Incorporated

Minnesota

Location

Minnesota

Fiscal year end

Dec 31

Sector

Manufacturing > Telephone Apparatus Manufacturing

Industry (SIC)

Telephone & Telegraph Apparatus

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Former names

COMMUNICATIONS SYSTEMS INC/MN

SEC CIK

0000022701

Corporate docs

Articles of Incorporation & Bylaws

IRS number

410957999

JCS stock data

S&P 500

1M 1Y 2Y 5Y

News

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Communications Systems Q1 EPS $(0.23) Down From $0.16 YoY, Sales $10.20M Up From $9.16M YoY

7 May 21

Communications Systems (NASDAQ:JCS) reported quarterly losses of $(0.23) per share. This is a 243.75 percent decrease over earnings of $0.16 per share from the same period last year. The company reported $10.20 million

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30 Apr 21

Gainers ShiftPixy, Inc. (NASDAQ: PIXY) jumped 33.1% to settle at $3.34 on Thursday as the company said it has been named as sponsor related to 4 SPACs.

12 Information Technology Stocks Moving In Thursday's Intraday Session

29 Apr 21

54 Stocks Moving In Thursday's Mid-Day Session

29 Apr 21

Communications Systems To Sell Its Transition Networks And Net2Edge Businesses To Lantronix For $25M Paid At Closing Plus Up To Additional $7M In Earnout Payments

29 Apr 21

Press releases

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INVESTIGATION ALERT: Halper Sadeh LLP Investigates AMRB, JCS, CADE, STL, EBSB, MNR; Shareholders are Encouraged to Contact the Firm

14 Jul 21

NEW YORK, July 14, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Transition Networks Announces 24VDC Passive PoE Module for Powering Non-Standard PoE Devices Through its Unique Self-Enclosed Gigabit Ethernet PoE++ Switch

7 Jul 21

New Module Adds Even More Power Flexibility to Innovative All-in-One Switch Transition Networks, a leading provider of IoT and edge connectivity solutions, today announced a new accessory that adds even more

INVESTIGATION ALERT: Halper Sadeh LLP Investigates AMRB, NCBS, JCS, KSU, CADE, MRLN; Shareholders are Encouraged to Contact the Firm

3 Jul 21

NEW YORK, July 3, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

Communications Systems, Inc. Announces $25.0 Million Equity Financing to Close Concurrently With CSI–Pineapple Merger and Fund Growth Initiatives

28 Jun 21

INVESTIGATION ALERT: Halper Sadeh LLP Investigates ATH, JCS, MX, CADE, KNL; Shareholders are Encouraged to Contact the Firm

24 Jun 21

Calendar

7 May 21

28 Jul 21

31 Dec 21

Financial summary

Financial statements Chart JCS financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 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)	14.75M	14.75M	14.75M	14.75M	14.75M	14.75M
Cash burn (monthly)	(positive/no burn)	524.5K	719.88K	283.38K	(positive/no burn)	393.71K
Cash used (since last report)	n/a	2.05M	2.82M	1.11M	n/a	1.54M
Cash remaining	n/a	12.7M	11.93M	13.64M	n/a	13.21M
Runway (months of cash)	n/a	24.2	16.6	48.1	n/a	33.5

Beta Read what these cash burn values mean

Recent insider trades

JCS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
6 May 21	Fluegge Scott	Common Stock	Payment of exercise	Dispose F	No	No	6.64	690	4.58K	26,894
6 May 21	Fluegge Scott	Common Stock	Grant	Aquire A	No	No	6.64	2,889	19.18K	27,584
6 May 21	Hlavka Kristin	Common Stock	Payment of exercise	Dispose F	No	No	6.64	467	3.1K	14,662
6 May 21	Hlavka Kristin	Common Stock	Grant	Aquire A	No	No	6.64	1,302	8.65K	15,129
6 May 21	Fandrich Mark	Common Stock	Payment of exercise	Dispose F	No	No	6.64	1,303	8.65K	29,669
6 May 21	Fandrich Mark	Common Stock	Grant	Aquire A	No	No	6.64	4,261	28.29K	30,972
6 May 21	Anita Kumar	Common Stock	Payment of exercise	Dispose F	No	No	6.64	781	5.19K	7,393
6 May 21	Anita Kumar	Common Stock	Grant	Aquire A	No	No	6.64	2,372	15.75K	8,174

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

JCS institutional ownership history Ownership history

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

46.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	27	26	+3.8%
Opened positions	6	2	+200.0%
Closed positions	5	5	–
Increased positions	9	7	+28.6%
Reduced positions	9	9	–

13F shares	Current	Prev Q	Change
Total value	25.89M	18.86M	+37.3%
Total shares	4.35M	4.13M	+5.3%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
GBL Gamco Investors	811.33K	$4.84M	+13.5%
Renaissance Technologies	655.48K	$3.91M	-4.0%
Punch & Associates Investment Management	458.26K	$2.73M	-6.6%
Vanguard	429.69K	$2.56M	+9.6%
Dimensional Fund Advisors	422.61K	$2.52M	+0.9%
TETAA Teton Advisors	343.5K	$2.05M	-1.0%
Gabelli Funds	313K	$1.87M	+0.3%
White Pine Capital	300.08K	$1.79M	+133.3%
Bridgeway Capital Management	193.92K	$1.16M	-1.6%
BLK Blackrock	135.6K	$808K	+2.3%

Largest transactions	Shares	Bought/sold	Change
White Pine Capital	300.08K	+171.45K	+133.3%
Acadian Asset Management	0	-98.36K	EXIT
GBL Gamco Investors	811.33K	+96.6K	+13.5%
FOSUF Fosun International	0	-68.98K	EXIT
JBF Capital	55K	+55K	NEW
Two Sigma Securities	38.62K	+38.62K	NEW
Vanguard	429.69K	+37.69K	+9.6%
Punch & Associates Investment Management	458.26K	-32.24K	-6.6%
HighPoint Advisor	27.74K	+27.74K	NEW
Renaissance Technologies	655.48K	-27.24K	-4.0%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Spok

Management Discussion

Consolidated sales were $42,576,000 in 2020, a 16% decrease from sales of $50,906,000 in 2019. Net loss from continuing operations in 2020 was $1,796,000, or ($0.19) per share compared to net income of $251,000 or $0.03 per share in 2019.
The Electronics & Software segment designs, develops and sells Intelligent Edge solutions that provide connectivity and power through PoE products and actionable intelligence to end devices in an IoT ecosystem through embedded and cloud-based management software. In addition, this segment continues to generate revenue from its traditional products consisting of media converters, NICs, and ethernet switches that offer the ability to affordably integrate the benefits of fiber optics into any data network. Characteristics of this business include a rapid pace of change in technologies and alternative solutions to our products. This segment derives the majority of its revenues from new installations and network upgrade projects, which tend not to recur frequently. The core markets for these products are enterprise, service providers, government, and industrial users. In 2020, 86% of Electronics & Software revenue came from North America, but we continue to see opportunity for long-term growth outside of North America and we continue to invest resources in sales, marketing, and infrastructure to grow that business.
Electronics & Software sales decreased 27% to $34,496,000 in 2020 compared to $47,007,000 in 2019. The Electronics & Software segment organizes its sales force by vertical markets and segments its customers geographically. Sales by region in 2020 and 2019 were:

Content analysis

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From filing 10-Q 2021 Q1