Company profile

Ticker
JCS
Exchange
CEO
Roger H. D. Lacey
Employees
Incorporated in
Location
Fiscal year end
Former names
Communications Systems Inc
SEC CIK
IRS number
410957999

JCS stock data

(
)

Calendar

15 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 9.16M 15.36M 13.62M 10.7M
Net income 1.5M 1.72M 1.74M 2.77M
Diluted EPS 0.16 0.18 0.19 0.3
Net profit margin 16.42% 11.20% 12.75% 25.91%
Operating income -1.22M 1.19M 772K -1.13M
Net change in cash 6.63M -693.42K 1.47M 3.66M
Cash on hand 20.56M 13.93M 14.62M 13.15M
Cost of revenue 5.43M -1.75M 10.49M 9.69M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 50.91M 42.37M 82.32M 99.35M
Net income 6.47M -6.79M -11.83M -8.11M
Diluted EPS 0.69 -0.75 -1.32 -0.92
Net profit margin 12.71% -16.03% -14.36% -8.17%
Operating income 9.21K -4.75M -11.76M -4.46M
Net change in cash 2.87M -1.4M 2.01M 630.54K
Cash on hand 13.93M 11.06M 12.45M 10.44M
Cost of revenue 28.72M 24.75M 61.49M 72.77M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
17 Jun 20 Randall D Sampson Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 4.94 10,000 49.4K 10,000
17 Jun 20 Primuth Richard A Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 4.94 10,000 49.4K 10,000
17 Jun 20 Zapata Michael R. Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 4.94 10,000 49.4K 10,000
17 Jun 20 Webster Steven Stock Option (Right-to-Buy) Common Stock Grant Aquire A No 4.94 10,000 49.4K 10,000
42.8% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 29 36 -19.4%
Opened positions 5 11 -54.5%
Closed positions 12 2 +500.0%
Increased positions 13 8 +62.5%
Reduced positions 6 11 -45.5%
13F shares
Current Prev Q Change
Total value 17.84M 19.55M -8.7%
Total shares 4M 3.17M +26.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
GBL Gamco Investors, Inc. Et Al 722.14K $3.22M +6.8%
Renaissance Technologies 706.35K $3.15M -1.0%
Dimensional Fund Advisors 449.69K $2.01M +1.6%
TETAB Teton Advisors 432K $1.93M NEW
Gabelli Funds 307K $1.37M +0.9%
Vanguard 301.58K $1.35M +67.0%
Bridgeway Capital Management 182.1K $812K +61.6%
Punch & Associates Investment Management 134.65K $601K NEW
EAM Investors 118.05K $526K +4.2%
BLK BlackRock 110.75K $494K +0.5%
Largest transactions
Shares Bought/sold Change
TETAB Teton Advisors 432K +432K NEW
Punch & Associates Investment Management 134.65K +134.65K NEW
Vanguard 301.58K +121.03K +67.0%
Bridgeway Capital Management 182.1K +69.4K +61.6%
Acadian Asset Management 109.67K +61.01K +125.4%
FOSUY Fosun International 53.98K +53.98K NEW
GBL Gamco Investors, Inc. Et Al 722.14K +45.96K +6.8%
Millennium Management 0 -23.98K EXIT
Leap Investments 0 -18.49K EXIT
Prelude Capital Management 0 -18.3K EXIT

Financial report summary

?
Competition
FutureLinkProcera NetworksSpok
Management Discussion
  • Consolidated sales decreased 18.3% in the first quarter of 2020 to $9,163,000 compared to $11,216,000 in the same period of 2019.  Consolidated operating loss from continuing operations in the first quarter of 2020 was $1,224,000 compared to an operating loss from continuing operations of $821,000 in the first quarter of 2019. Net loss from continuing operations in the first quarter of 2020 was $809,000 or $ (0.09) per share compared to net loss from continuing operations of $792,000 or $ (0.09) per share in the first quarter of 2019. 
  • Transition Networks sales decreased 8% to $8,164,000 in the first quarter of 2020 compared to $8,890,000 in 2019. Transition Networks organizes its sales force by vertical markets and segments its customers geographically.  First quarter sales by region are presented in the following table:
  • Sales in North America increased $532,000, or 8%, primarily due to a strong quarter of sales to Federal agencies partially offset by a decline in sales to one major telecommunications customer. International sales decreased $1,258,000, or 64%, primarily due to an overall drop in demand for traditional products and the economic effects of COVID-19.  Sales of Intelligent edge solutions (“IES”) products increased 36% or $828,000 due to higher sales of security and surveillance products and federal government contracts. Traditional product sales decreased 23% or $1,554,000 due mainly to a decline in media converter orders from one major telecommunications customer.
Content analysis ?
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