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

1 Nov 19
16 Dec 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Dec 18
Revenue 18.22M 15.4M 16.72M 18.66M
Net income 1.74M 2.77M 240.11K -745K
Diluted EPS 0.19 0.3 0.03 -0.08
Net profit margin 9.54% 18.01% 1.44% -3.99%
Operating income 1.63M -264.1K 180.64K -260K
Net change in cash 1.47M 3.66M -1.57M 2.42M
Cash on hand 14.62M 13.15M 9.49M 11.06M
Cost of revenue 10.49M 9.69M 10.3M 11.76M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 65.76M 82.32M 99.35M 107.67M
Net income -6.79M -11.83M -8.11M -9.65M
Diluted EPS -0.75 -1.32 -0.92 -1.11
Net profit margin -10.33% -14.36% -8.17% -8.96%
Operating income -6.56M -11.76M -4.46M -10.51M
Net change in cash -1.4M 2.01M 630.54K -3.92M
Cash on hand 11.06M 12.45M 10.44M 9.81M
Cost of revenue 44.46M 61.49M 72.77M 76.12M

Financial data from company earnings reports

Financial report summary

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Competition
FutureLinkProcera NetworksSpok
Management Discussion
  • Consolidated sales increased 19% in the third quarter of 2019 to $18,223,000 compared to $15,292,000 in the same period of 2018.  Consolidated operating income in the third quarter of 2019 was $1,629,000 compared to an operating loss of $1,602,000 in the third quarter of 2018. Net income in the third quarter of 2019 was $1,738,000 or $0.19 per share compared to net loss of $1,545,000 or $ (0.17) per share in the third quarter of 2018. 
  • Transition Networks sales increased 35% to $12,483,000 in the third quarter of 2019 compared to $9,231,000 in 2018. Transition Networks organizes its sales force by vertical markets and segments its customers geographically.  Third quarter sales by region are presented in the following table:
  • Sales in North America increased $3,464,000, or 43%, primarily due to deliveries for a major metropolitan smart city IoT project that should be substantially complete by the end of 2019 and smaller security and surveillance projects, partially offset by reduced spend from a major Tier 1 telecommunications provider. International sales decreased $212,000, or 17%, primarily due to declining sales of legacy media converters in Asia, while EMEA improved year-to-date with growth of 10% driven by IoT.  Sales of Ethernet switches and adapters increased 132% or $3,394,000 related to the major metropolitan smart city IoT project and smaller security and surveillance projects. Other product sales decreased 7% or $114,000 due to reduced spend from a major Tier 1 telecommunications provider.
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