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

CIENA • Netgear • Plantronics • Adtran • Infinera • Fabrinet • Audiocodes • DZS • Sonim • ClearOne ...

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

Pro users get this 30m faster

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

After two months of somewhat chaotic trading, I’m happy to report that March has gotten off to a stellar beginning. While I’m not quite posting the kind of numbers I was putting up in the final weeks of February, the first week of this month has put me in the green by roughly $170,000.

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

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INVESTIGATION ALERT: Halper Sadeh LLP Investigates LMNX, NUAN, CADE, JCS; Shareholders are Encouraged to Contact the Firm

14 Apr 21

NEW YORK, April 14, 2021 (GLOBE NEWSWIRE) -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Luminex Corporation (NASDAQ:LMNX) concerning potential

SHAREHOLDER ALERT: WeissLaw LLP Reminds PMBC, JCS, RBC, and CUB Shareholders About Its Ongoing Investigations

13 Apr 21

NEW YORK, April 13, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and

INVESTIGATION ALERT: Halper Sadeh LLP Investigates JCS, SVBI, WSFS, PTVCA; Shareholders are Encouraged to Contact the Firm

12 Apr 21

NEW YORK, April 12, 2021 /PRNewswire/ -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies:

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

Financial statements Chart JCS financial data

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

Recent insider trades

JCS insider ownership history Insider history

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

Institutional ownership Q4 2020

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.

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%

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

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

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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

From filing 10-K 2020 FY