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Tessco (TESS)

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
SEC CIK
Subsidiaries
TESSCO Incorporated • Wireless Solutions Incorporated • TESSCO Service Solutions, Inc. • TESSCO Communications Incorporated • TESSCO Financial Corporation • TESSCO Business Services, LLC • TESSCO Integrated Solutions, LLC • GW Service Solutions, Inc. • TCPM, Inc. • TESSCO Reno Holding, LLC ...
IRS number
520729657

TESS stock data

Calendar

28 Jul 22
13 Aug 22
26 Mar 23
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Mar 22 Mar 21 Mar 20 Mar 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.01M 3.01M 3.01M 3.01M 3.01M 3.01M
Cash burn (monthly) (no burn) (no burn) 169.13K 215.46K 401.5K (no burn)
Cash used (since last report) n/a n/a 268.33K 341.82K 636.98K n/a
Cash remaining n/a n/a 2.74M 2.66M 2.37M n/a
Runway (months of cash) n/a n/a 16.2 12.4 5.9 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
6 Jun 22 J Timothy Bryan Common Stock Grant Acquire A No No 0 8,644 0 41,610
6 Jun 22 J Timothy Bryan Common Stock Grant Acquire A No No 0 5,085 0 32,966
6 Jun 22 J Timothy Bryan Common Stock Grant Acquire A No No 0 3,000 0 27,881
6 Jun 22 Kathleen McLean Common Stock Grant Acquire A No No 0 6,949 0 30,282
6 Jun 22 Kathleen McLean Common Stock Grant Acquire A No No 0 5,932 0 23,333
6 Jun 22 Kathleen McLean Common Stock Grant Acquire A No No 0 3,000 0 17,401
6 Jun 22 Matthew W Brewer Common Stock Grant Acquire A No No 0 5,791 0 12,605
6 Jun 22 Matthew W Brewer Common Stock Grant Acquire A No No 0 3,814 0 6,814
6 Jun 22 Matthew W Brewer Common Stock Grant Acquire A No No 0 3,000 0 3,000
6 Jun 22 Campbell Steven T Common Stock Grant Acquire A No No 0 6,949 0 28,521
1.7% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 30 32 -6.3%
Opened positions 2 8 -75.0%
Closed positions 4 3 +33.3%
Increased positions 9 8 +12.5%
Reduced positions 11 8 +37.5%
13F shares Current Prev Q Change
Total value 28.57M 23.65M +20.8%
Total shares 4.64M 4.92M -5.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Lakeview Investment Group & Trading 1.33M $7.48M 0.0%
Capital Management 728.35K $4.4M +4.2%
Dimensional Fund Advisors 401.57K $2.43M -5.9%
Renaissance Technologies 398.85K $2.41M -10.8%
BLK Blackrock 392.74K $2.37M +0.7%
Tieton Capital Management 379.56K $2.29M +0.0%
Vanguard 185.3K $1.12M -36.8%
Employees Retirement System of Texas 119.34K $721K +39.8%
Moors & Cabot 115.02K $695K -10.3%
Bridgeway Capital Management 95.43K $576K -20.0%
Largest transactions Shares Bought/sold Change
Vanguard 185.3K -107.79K -36.8%
Renaissance Technologies 398.85K -48.5K -10.8%
Two Sigma Investments 43.76K -47.49K -52.0%
Cetera Advisor Networks 0 -41.94K EXIT
Employees Retirement System of Texas 119.34K +34K +39.8%
Capital Management 728.35K +29.36K +4.2%
Two Sigma Advisers 49.3K -25.8K -34.4%
Dimensional Fund Advisors 401.57K -24.97K -5.9%
Bridgeway Capital Management 95.43K -23.81K -20.0%
Moors & Cabot 115.02K -13.15K -10.3%

Financial report summary

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Competition
Tech Data
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. Please refer to our Form 10-K for the fiscal year ended March 28, 2021 for a discussion of fiscal year ended March 29, 2020.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: arrangement, Cap, CODM, cycle, Decision, distributor, dividend, employee, Eurodollar, forma, headcount, immaterial, impracticable, inflationary, labor, Lakeview, level, lifted, lockbox, Maker, principal, pro, promotion, proprietary, recruiting, redeem, regulation, repurchase, satisfaction, summary, superseded, talent, temporary, tied, travel, withholding
Removed: allocation, ASC, assigned, bad, calculating, continually, eliminating, environment, evaluate, exiting, expect, extension, guidance, improving, intraperiod, licensed, occurred, pandemic, portfolio, present, prospective, public, receive, received, Simplifying, trademark, tradename, transition

Patents

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.
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.
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