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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.

TESS stock data

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Calendar

11 Jun 21
2 Aug 21
28 Mar 22
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 21 Mar 20 Mar 19 Mar 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

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

Beta Read what these cash burn values mean

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

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 Prev Q Change
Total holders 30 34 -11.8%
Opened positions 4 3 +33.3%
Closed positions 8 1 +700.0%
Increased positions 6 6
Reduced positions 12 20 -40.0%
13F shares
Current Prev Q Change
Total value 46.65M 31.09M +50.0%
Total shares 4.71M 4.83M -2.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Lakeview Investment Group & Trading 1.03M $6.27M 0.0%
Dimensional Fund Advisors 509.49K $3.69M -3.5%
Renaissance Technologies 503.05K $3.64M +0.1%
BLK Blackrock 487.16K $3.53M -18.9%
Tieton Capital Management 434.09K $3.14M -2.0%
Capital Management 384.23K $2.78M -38.3%
22NW 373.97K $2.71M NEW
Vanguard 292.78K $2.12M 0.0%
Moors & Cabot 151.32K $1.09M +106.0%
Bridgeway Capital Management 129.24K $936K +50.4%
Largest transactions
Shares Bought/sold Change
22NW 373.97K +373.97K NEW
Capital Management 384.23K -238.39K -38.3%
Invenomic Capital Management 65.35K -138.65K -68.0%
BLK Blackrock 487.16K -113.61K -18.9%
Moors & Cabot 151.32K +77.87K +106.0%
Bridgeway Capital Management 129.24K +43.31K +50.4%
IVZ Invesco 0 -36.63K EXIT
Jacobs Levy Equity Management 30.22K +30.22K NEW
Dimensional Fund Advisors 509.49K -18.28K -3.5%
GS Goldman Sachs 0 -15.63K EXIT

Financial report summary

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Competition
Tech DataAnixter
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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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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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