JCS Communications Systems

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
Website
CEO
Roger H. D. Lacey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
CIENA • Netgear • Plantronics • Adtran • Infinera • Fabrinet • Audiocodes • DZS • Sonim • ClearOne ...
Former names
COMMUNICATIONS SYSTEMS INC/MN
SEC CIK
Corporate docs
IRS number
410957999
JCS stock data
()
News
12 Information Technology Stocks Moving In Wednesday's Pre-Market Session
14 Apr 21
12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
9 Mar 21
After Months Of Volatile Trading, A Confident Start To March
8 Mar 21
12 Information Technology Stocks Moving In Monday's Pre-Market Session
8 Mar 21
12 Information Technology Stocks Moving In Friday's Pre-Market Session
5 Mar 21
Press releases
INVESTIGATION ALERT: Halper Sadeh LLP Investigates LMNX, NUAN, CADE, JCS; Shareholders are Encouraged to Contact the Firm
14 Apr 21
SHAREHOLDER ALERT: WeissLaw LLP Reminds PMBC, JCS, RBC, and CUB Shareholders About Its Ongoing Investigations
13 Apr 21
INVESTIGATION ALERT: Halper Sadeh LLP Investigates JCS, SVBI, WSFS, PTVCA; Shareholders are Encouraged to Contact the Firm
12 Apr 21
INVESTIGATION ALERT: Halper Sadeh LLP Investigates COHR, JCS, NTEC, KSU; Shareholders are Encouraged to Contact the Firm
7 Apr 21
SHAREHOLDER ALERT: WeissLaw LLP Reminds JCS, RBC, and CUB Shareholders About Its Ongoing Investigations
6 Apr 21
Calendar
31 Mar 21
17 Apr 21
31 Dec 21
Financial summary
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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) | 13.09M | 13.09M | 13.09M | 13.09M | 13.09M | 13.09M |
Cash burn (monthly) | (positive/no burn) | 126.25K | 52.52K | 205.41K | (positive/no burn) | 390.29K |
Cash used (since last report) | n/a | 450.77K | 187.53K | 733.4K | n/a | 1.39M |
Cash remaining | n/a | 12.64M | 12.9M | 12.36M | n/a | 11.7M |
Runway (months of cash) | n/a | 100.1 | 245.7 | 60.2 | n/a | 30.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Mar 21 | Anita Kumar | Common Stock | Payment of exercise | Dispose F | No | No | 6.02 | 714 | 4.3K | 5,092 |
29 Mar 21 | Anita Kumar | Common Stock | Grant | Aquire A | No | No | 6.02 | 1,991 | 11.99K | 5,806 |
29 Mar 21 | Fandrich Mark | Common Stock | Payment of exercise | Dispose F | No | No | 6.02 | 2,492 | 15K | 26,356 |
29 Mar 21 | Fandrich Mark | Common Stock | Grant | Aquire A | No | No | 6.02 | 7,729 | 46.53K | 28,848 |
29 Mar 21 | Hlavka Kristin | Common Stock | Payment of exercise | Dispose F | No | No | 6.02 | 864 | 5.2K | 13,709 |
29 Mar 21 | Hlavka Kristin | Common Stock | Grant | Aquire A | No | No | 6.02 | 2,408 | 14.5K | 14,573 |
29 Mar 21 | Fluegge Scott | Common Stock | Payment of exercise | Dispose F | No | No | 6.02 | 1,361 | 8.19K | 24,636 |
29 Mar 21 | Fluegge Scott | Common Stock | Grant | Aquire A | No | No | 6.02 | 5,343 | 32.16K | 25,997 |
29 Mar 21 | Lacey Roger HD | Common Stock | Payment of exercise | Dispose F | No | No | 6.02 | 1,708 | 10.28K | 95,839.579 |
29 Mar 21 | Lacey Roger HD | Common Stock | Grant | Aquire A | No | No | 6.02 | 4,578 | 27.56K | 97,547.579 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
44.3% owned by funds/institutions
13F holders |
Current |
---|---|
Total holders | 26 |
Opened positions | 2 |
Closed positions | 5 |
Increased positions | 7 |
Reduced positions | 9 |
13F shares |
Current |
---|---|
Total value | 18.86M |
Total shares | 4.13M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners |
Shares | Value |
---|---|---|
GBL Gamco Investors | 714.73K | $3.27M |
Renaissance Technologies | 682.71K | $3.12M |
Punch & Associates Investment Management | 490.49K | $2.24M |
Dimensional Fund Advisors | 418.72K | $1.91M |
Vanguard | 392.01K | $1.79M |
TETAA Teton Advisors | 347K | $1.59M |
Gabelli Funds | 312K | $1.43M |
Bridgeway Capital Management | 197.1K | $901K |
BLK Blackrock | 132.5K | $606K |
White Pine Capital | 128.63K | $588K |
Financial report summary
?Competition
SpokManagement 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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New words:
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Removed:
antimalware, automated, automatically, Canada, Chip, deemed, disaggregated, dollar, driven, earlier, enclosure, Fast, flat, FutureLinkTM, gigabit, history, improve, indoor, ISDN, leverage, logistic, long, low, marketable, multitude, multiyear, nonqualified, notable, optic, outdoor, packet, packetized, passive, physical, produce, prohibit, promise, reserved, roughly, saving, Scott, Serial, silicon, SIP, soc, subsequent, supplying, tothe, trunking, tuning, UK, unrestricted, USA, Utility, vested
Financial reports
10-K
2020 FY
Annual report
31 Mar 21
10-Q
2020 Q3
Quarterly report
12 Nov 20
10-Q
2020 Q2
Quarterly report
14 Aug 20
10-Q
2020 Q1
Quarterly report
15 May 20
10-K/A
2019 FY
Annual report (amended)
17 Mar 20
10-K
2019 FY
Annual report
17 Mar 20
10-Q
2019 Q3
Quarterly report
1 Nov 19
10-Q
2019 Q2
Quarterly report
2 Aug 19
10-Q
2019 Q1
Quarterly report
7 May 19
10-K
2018 FY
Annual report
8 Mar 19
Current reports
8-K
Communications Systems, Inc. Announces Agreement to Merge with Pineapple Energy, LLC
3 Mar 21
8-K
Communications Systems, Inc. Appoints Anita Kumar as Chief Executive Officer
1 Dec 20
8-K
Communications Systems, Inc. Reports Third Quarter 2020 Financial Results
5 Nov 20
8-K
Entry into a Material Definitive Agreement
3 Sep 20
8-K
Termination of a Material Definitive Agreement
4 Aug 20
8-K
Submission of Matters to a Vote of Security Holders
22 Jun 20
8-K
Regulation FD Disclosure
17 Jun 20
8-K
Communications Systems, Inc. Acquires Ecessa Corporation
14 May 20
8-K
Departure of Directors or Certain Officers
12 May 20
8-K
Amendments to Articles of Incorporation or Bylaws
13 Apr 20
Registration and prospectus
425
Business combination disclosure
3 Mar 21
S-8
Registration of securities for employees
22 May 19
S-8
Registration of securities for employees
8 Mar 19
S-8
Registration of securities for employees
20 May 15
S-8
Registration of securities for employees
9 Nov 11
8-A12B
Registration of securities on exchange
29 Dec 09
S-8
Registration of securities for employees
13 Aug 09
25
Voluntary exchange delisting
1 Jun 08
8-A12B/A
Registration of securities on exchange (amended)
1 Jun 08
S-8
Registration of securities for employees
15 Nov 04
Proxies
DEFA14A
Additional proxy soliciting materials
3 Mar 21
DEFA14A
Additional proxy soliciting materials
3 Jun 20
DEF 14A
Definitive proxy
29 Apr 20
DEF 14A
Definitive proxy
10 Apr 19
DEF 14A
Definitive proxy
10 Apr 18
DEF 14A
Definitive proxy
11 Apr 17
DEF 14A
Definitive proxy
6 Apr 16
DEF 14A
Definitive proxy
9 Apr 15
DEFA14A
Additional proxy soliciting materials
4 Jun 14
DEFA14A
Additional proxy soliciting materials
13 May 14
Other
SD
Conflict minerals disclosure
16 Jun 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
21 May 18
SD
Conflict minerals disclosure
30 May 17
SD
Conflict minerals disclosure
26 May 16
SD
Conflict minerals disclosure
28 May 15
SD
Conflict minerals disclosure
29 May 14
UPLOAD
Letter from SEC
14 Jan 14
CORRESP
Correspondence with SEC
5 Jan 14
UPLOAD
Letter from SEC
18 Dec 13
Ownership
SC 13G
COMMUNICATIONS SYSTEMS / SAMPSON RANDALL D ownership change
15 Apr 21
4
COMMUNICATIONS SYSTEMS / Roger HD Lacey ownership change
31 Mar 21
4
COMMUNICATIONS SYSTEMS / SCOTT FLUEGGE ownership change
31 Mar 21
4
COMMUNICATIONS SYSTEMS / Kristin Hlavka ownership change
31 Mar 21
4
COMMUNICATIONS SYSTEMS / Mark Fandrich ownership change
31 Mar 21
4
COMMUNICATIONS SYSTEMS / Anita Kumar ownership change
31 Mar 21
4
COMMUNICATIONS SYSTEMS / Mark Fandrich ownership change
8 Mar 21
4
COMMUNICATIONS SYSTEMS / SCOTT FLUEGGE ownership change
8 Mar 21
4
COMMUNICATIONS SYSTEMS / Kristin Hlavka ownership change
8 Mar 21
4
COMMUNICATIONS SYSTEMS / Anita Kumar ownership change
8 Mar 21
Reddit threads
Daily Discussion Thread - March 31st, 2021
31 Mar 21
Daily Discussion Thread - March 30th, 2021
30 Mar 21
Daily Discussion Thread - March 29th, 2021
29 Mar 21
Daily Discussion Thread - March 24th, 2021
24 Mar 21
Daily Discussion Thread - March 23rd, 2021
23 Mar 21
Daily Discussion Thread - March 22nd, 2021
22 Mar 21
Daily Discussion Thread - March 17th, 2021
17 Mar 21
Daily Discussion Thread - March 16th, 2021
16 Mar 21
Daily Discussion Thread - March 10th, 2021
10 Mar 21
Daily Discussion Thread - March 9th, 2021
9 Mar 21