TESS Tessco
TESSCO Technologies, Inc. is a value-added technology distributor, manufacturer, and solutions provider serving commercial customers in the wireless infrastructure ecosystem. The Company was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. Tessco supplies products the industry's top manufacturers in mobile communications, Wi-Fi, Internet of Things ('IoT'), wireless backhaul, and more. Tessco is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry.
Company profile
Ticker
TESS
Exchange
Website
CEO
Sandip Mukerjee
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
520729657
TESS stock data
()
Press releases
TESSCO Reports First-Quarter Fiscal 2022 Financial Results
27 Jul 21
Thinking about buying stock in Aerpio Pharmaceuticals, Gan, electroCore, Crexendo, or TESSCO Technologies?
8 Jul 21
TESSCO Technologies Announces Preliminary Q1 2022 Select Financial Results and Shares Expectations for Full-Year 2022
7 Jul 21
Lakeview Investment Group Calls Upon TESSCO Technologies to Conduct a Full and Fair Sale Process
29 Jun 21
VIEX Capital Issues Letter to Stockholders of KVH Industries, Inc.
14 Jun 21
Calendar
11 Jun 21
2 Aug 21
28 Mar 22
Financial summary
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Financial data from Tessco 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) | 1.11M | 1.11M | 1.11M | 1.11M | 1.11M | 1.11M |
| Cash burn (monthly) | (positive/no burn) | (positive/no burn) | 937.5K | 1.52M | 98.73K | 57.02K |
| Cash used (since last report) | n/a | n/a | 3.93M | 6.37M | 414.34K | 239.27K |
| Cash remaining | n/a | n/a | -2.82M | -5.26M | 695.66K | 870.73K |
| Runway (months of cash) | n/a | n/a | -3.0 | -3.5 | 7.0 | 15.3 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 25 May 21 | Kathleen McLean | Common Stock | Grant | Aquire A | No | No | 0 | 6,660 | 0 | 16,649 |
| 25 May 21 | Stephanie Dismore | Common Stock | Grant | Aquire A | No | No | 0 | 6,660 | 0 | 24,604 |
| 25 May 21 | J Timothy Bryan | Common Stock | Grant | Aquire A | No | No | 0 | 6,318 | 0 | 14,881 |
| 25 May 21 | Gaffney Paul J | Common Stock | Grant | Aquire A | No | No | 0 | 5,123 | 0 | 32,089 |
| 29 Apr 21 | Gaffney Paul J | Common Stock | Grant | Aquire A | No | No | 0 | 5,563 | 0 | 26,966 |
| 29 Apr 21 | Gaffney Paul J | Common Stock | Grant | Aquire A | No | No | 0 | 3,000 | 0 | 21,403 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
53.0% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 30 |
| Opened positions | 4 |
| Closed positions | 8 |
| Increased positions | 6 |
| Reduced positions | 12 |
13F shares |
Current |
|---|---|
| Total value | 46.65M |
| Total shares | 4.71M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| Lakeview Investment Group & Trading | 1.03M | $6.27M |
| Dimensional Fund Advisors | 509.49K | $3.69M |
| Renaissance Technologies | 503.05K | $3.64M |
| BLK Blackrock | 487.16K | $3.53M |
| Tieton Capital Management | 434.09K | $3.14M |
| Capital Management | 384.23K | $2.78M |
| 22NW | 373.97K | $2.71M |
| Vanguard | 292.78K | $2.12M |
| Moors & Cabot | 151.32K | $1.09M |
| Bridgeway Capital Management | 129.24K | $936K |
Financial report summary
?Management Discussion
- As noted above, we exited our Retail business during fiscal year 2021 and now report activity from that Retail business as discontinued operations. The analysis below reflects activity and results from continuing operations only, including references to Ventev®.
Content analysis
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H.S. sophomore Avg
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New words:
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Removed:
accordion, affiliate, amortizable, anniversary, announcement, armed, assemble, assembly, attributed, bluetooth, Brightstar, bulk, buyer, car, Certified, Chargesync, Comstor, confidence, confirmed, Congo, connector, corded, customized, dealer, declare, Democratic, determinable, discontinue, disposed, disqualify, divestiture, DRC, Elizabeth, evidenced, executed, extinguishment, formed, Formula, found, fraction, handset, headcount, holiday, human, impose, Ingram, Institute, integration, interpret, jumper, leaving, macroeconomic, memory, Mexico, Micro, Mobility, multiplying, music, numerator, occupancy, originate, passage, peak, permitted, persuasive, prepare, prepayment, promotional, ratified, Reform, regular, rendered, Republic, restructure, retaliation, Robinson, rotation, screen, season, shift, standby, step, streamline, Street, sum, sustained, Tech, terminal, traffic, turn, unbilled, unemployment, unexpected, unsecured, VAV, verify, VoiceComm, Wall, Westcon, winter, WirelessNow, worldwide
Financial reports
10-K
2021 FY
Annual report
11 Jun 21
10-Q
2021 Q3
Quarterly report
5 Feb 21
10-Q
2021 Q2
Quarterly report
6 Nov 20
10-Q
2021 Q1
Quarterly report
6 Aug 20
10-K
2020 FY
Annual report
5 Jun 20
10-Q
2020 Q3
Quarterly report
7 Feb 20
10-Q
2020 Q2
Quarterly report
8 Nov 19
10-Q
2020 Q1
Quarterly report
2 Aug 19
10-K
2019 FY
Annual report
11 Jun 19
10-Q
2019 Q3
Quarterly report
8 Feb 19
Current reports
8-K
Tessco Reports First-Quarter Fiscal 2022 Financial Results
27 Jul 21
8-K
TESSCO Technologies Announces Preliminary Q1 2022 Select Financial Results and Shares Expectations for Full-Year 2022
7 Jul 21
8-K
Departure of Directors or Certain Officers
1 Jun 21
8-K
Tessco Reports Fourth-Quarter 2021 Financial Results
11 May 21
8-K
Departure of Directors or Certain Officers
23 Feb 21
8-K
Tessco Reports Third-Quarter 2021 Financial Results
1 Feb 21
8-K
Newly Elected Directors
17 Dec 20
8-K
Departure of Directors or Certain Officers
8 Dec 20
8-K
Tessco Technologies Completes Sale of Certain Retail Assets
3 Dec 20
8-K
Tessco Announces Addition of Two Independent Directors
9 Nov 20
Registration and prospectus
S-8
Registration of securities for employees
15 Aug 19
S-8
Registration of securities for employees
3 Nov 16
S-8
Registration of securities for employees
28 Feb 12
8-A12B/A
Registration of securities on exchange (amended)
25 Apr 10
S-8
Registration of securities for employees
23 Apr 09
8-A12B
Registration of securities on exchange
31 Jan 08
S-8
Registration of securities for employees
11 Aug 04
SC TO-I/A
Issuer tender offer statement (amended)
12 Jun 03
SC TO-I
Issuer tender offer statement
6 May 03
SC TO-C
Information about tender offer
28 Apr 03
Proxies
DEFA14A
Additional proxy soliciting materials
7 Jul 21
DEFA14A
Additional proxy soliciting materials
17 Jun 21
DEF 14A
Definitive proxy
17 Jun 21
DFAN14A
Additional proxy materials by non-management
7 Dec 20
DEFA14A
Additional proxy soliciting materials
7 Dec 20
DFAN14A
Additional proxy materials by non-management
4 Dec 20
DFAN14A
Additional proxy materials by non-management
4 Dec 20
DEFA14A
Additional proxy soliciting materials
3 Dec 20
DFAN14A
Additional proxy materials by non-management
30 Nov 20
DEFA14A
Additional proxy soliciting materials
30 Nov 20
Other
SD
Conflict minerals disclosure
28 May 21
UPLOAD
Letter from SEC
5 Nov 20
UPLOAD
Letter from SEC
27 Oct 20
UPLOAD
Letter from SEC
26 Oct 20
UPLOAD
Letter from SEC
20 Oct 20
CORRESP
Correspondence with SEC
12 Oct 20
UPLOAD
Letter from SEC
12 Oct 20
UPLOAD
Letter from SEC
6 Oct 20
UPLOAD
Letter from SEC
1 Oct 20
SD
Conflict minerals disclosure
28 May 20
Ownership
SC 13D/A
TESSCO / BARNHILL ROBERT B JR ownership change
23 Jul 21
SC 13D/A
TESSCO / Lakeview Investment Group & Trading ownership change
29 Jun 21
SC 13G
TESSCO / Leviticus Partners ownership change
14 Jun 21
4
TESSCO / Paul J Gaffney ownership change
27 May 21
4
TESSCO / J TIMOTHY BRYAN ownership change
27 May 21
4
TESSCO / Stephanie Dismore ownership change
27 May 21
4
TESSCO / Kathleen McLean ownership change
27 May 21
4
TESSCO / Eddie Franklin ownership change
3 May 21
4
TESSCO / DOUGLAS A REIN ownership change
3 May 21
4
TESSCO / Aric Spitulnik ownership change
3 May 21
Patents
GRANT
Utility
Outdoor Wi-Fi bollard
4 Jan 21
An outdoor Wi-Fi bollard includes a bollard housing having a vertical tube with a vertical wall and top and bottom openings and a cap disposed over the top opening; a base disposed at the bottom opening; first and second vertical members inside the housing and extending adjacent the wall from the base to the top opening, the first and second vertical members including first and second lower ends, respectively, operably attached to the base; and a first brace attached to the first and second upper ends, the first and second vertical members including first and second upper ends, respectively, operably attached to the first brace.
GRANT
Utility
Access point hanger assembly for attachment to a suspended ceiling T-bar
14 Sep 20
A hanger assembly for clamping onto a T-bar of a suspended ceiling, the T-bar including a flange portion and a web portion, the hanger assembly including a first bracket for attaching to an access point, the first bracket including a first horizontal wall for hanging onto one section of the flange on one side of the web portion; a second bracket slidable with respect to the first bracket, the second bracket including a second horizontal wall for hanging onto another section of the flange portion on another side of the web portion; a first guideway and a second guideway attached to the first bracket; the second bracket is slidable toward or away from the first bracket along the first and second guideways; and a first spring to urge the second bracket toward the first bracket.
GRANT
Design
Dual charger for simultaneous charging of consumer electronic devices
15 Jun 20
Inventors: Andrew Benjamin Cushing, Nicole Christine Smolenski, Bradley Jeremiah Cox, Cheryl Scalzo Jenner
Transcripts
2021 Q4
Earnings call transcript
11 May 21
2021 Q3
Earnings call transcript
2 Feb 21
2021 Q2
Earnings call transcript
31 Oct 20
2021 Q1
Earnings call transcript
28 Jul 20
2020 Q4
Earnings call transcript
13 May 20
2020 Q3
Earnings call transcript
28 Jan 20
2020 Q2
Earnings call transcript
4 Nov 19
2020 Q1
Earnings call transcript
23 Jul 19
2019 Q4
Earnings call transcript
11 May 19
2019 Q3
Earnings call transcript
25 Jan 19
Reddit threads
Daily Discussion Thread - July 27th, 2021
27 Jul 21
Daily Discussion Thread - July 26th, 2021
26 Jul 21
#premarket 07/08 $CARV $TESS $CXDO $GAN
8 Jul 21
Daily Discussion Thread - May 10th, 2021
10 May 21
Daily Discussion Thread - May 7th, 2021
7 May 21
UBQU has to be a scam
17 Feb 21
Daily Discussion Thread - January 25th, 2021
25 Jan 21
Daily Discussion Thread - January 22nd, 2021
22 Jan 21
Daily Discussion Thread - October 28th, 2020
28 Oct 20