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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
CEO
Roger H. D. Lacey
Employees
Incorporated
Location
Fiscal year end
CIENANetgearPlantronicsAdtranInfineraFabrinetAudiocodesDZSSonimClearOne ...
Former names
COMMUNICATIONS SYSTEMS INC/MN
SEC CIK
IRS number
410957999

JCS stock data

(
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Calendar

31 Mar 21
17 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 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) 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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 26 29 -10.3%
Opened positions 2 3 -33.3%
Closed positions 5 2 +150.0%
Increased positions 7 7
Reduced positions 9 12 -25.0%
13F shares
Current Prev Q Change
Total value 18.86M 16.17M +16.6%
Total shares 4.13M 4.22M -2.2%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
GBL Gamco Investors 714.73K $3.27M -5.3%
Renaissance Technologies 682.71K $3.12M +0.3%
Punch & Associates Investment Management 490.49K $2.24M +35.0%
Dimensional Fund Advisors 418.72K $1.91M -2.7%
Vanguard 392.01K $1.79M -0.0%
TETAA Teton Advisors 347K $1.59M -0.7%
Gabelli Funds 312K $1.43M +1.3%
Bridgeway Capital Management 197.1K $901K 0.0%
BLK Blackrock 132.5K $606K +0.9%
White Pine Capital 128.63K $588K +23.8%
Largest transactions
Shares Bought/sold Change
Punch & Associates Investment Management 490.49K +127.14K +35.0%
Kennedy Capital Management 0 -118.93K EXIT
GBL Gamco Investors 714.73K -39.9K -5.3%
Alambic Investment Management 0 -32.93K EXIT
White Pine Capital 128.63K +24.7K +23.8%
O'shaughnessy Asset Management 6.04K -23.39K -79.5%
Alpha Cubed Investments 0 -19.36K EXIT
Dimensional Fund Advisors 418.72K -11.68K -2.7%
Acadian Asset Management 98.36K -8.1K -7.6%
FOSUF Fosun International 68.98K +5K +7.8%

Financial report summary

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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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