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Tessco Technologies Incorporated  (TESS)
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Tessco Technologies Incorporated's

Competitiveness


 

TESS Sales vs. its Competitors Q1 2023



Comparing the current results to its competitors, Tessco Technologies Incorporated reported Revenue increase in the 1 quarter 2023 by 2.88 % year on year, while most of its competitors have experienced contraction in revenues by -1.96 %, achieved in the same quarter.

List of TESS Competitors





Revenue Growth Comparisons




Net Income Comparison


Tessco Technologies Incorporated, slower than the average decrease reported by the company's competitors of -16.65 %. recorded a net loss and most of the company's competitors saw a decline in earnings by -16.65 %

<<  TESS Stock Performance Comparisons


Tessco Technologies Incorporated's Comment on Competitors and Industry Peers



The wireless communications distribution industry is competitive and fragmented, and is comprised of distributors such as Brightstar, D&H, Genco ATC Logistics, Superior Communications and VoiceComm in our retail market and Alliance Corporation, Anixter, Comstor, Graybar, Hutton Communication, KPG Logistics, Ingram Micro, Talley Communications, Tech Data, Site Pro 1, VAV Wireless, Westcon and Winncom in our other markets. In addition, many manufacturers sell and fulfill directly to customers. Barriers to entry for distributors are relatively low, particularly in the mobile devices and accessory market, and the risk of new competitors entering the market is high. In addition, the agreements or arrangements with our customers or vendors looking to us for product and supply chain solutions are typically of limited duration and are terminable by either party upon several months or otherwise short notice. Accordingly, our ability to maintain these relationships is subject to competitive pressures and challenges. Some of our current competitors have substantially greater capital resources and sales and distribution capabilities than we do. In response to competitive pressures from any of our current or future competitors, we may be required to lower selling prices in order to maintain or increase market share, and such measures could adversely affect our operating results. We believe, however, that our strength in service, the breadth and depth of our product offering, our information technology system, our knowledge and expertise in wireless technologies and the wireless marketplace, and our large customer base and purchasing relationships with approximately 400 manufacturers, provide us with a significant competitive advantage over new entrants to the market.

Continuing changes in the wireless communications industry, including risks associated with conflicting technology, changes in technology, inventory obsolescence, and consolidation among wireless carriers, could adversely affect future operating results.

We believe that the principal competitive factors in supplying products to the wireless communications industry are the quality and consistency of customer service, particularly timely delivery of complete orders, breadth and quality of products offered and total procurement costs to the customer. We believe that we compete favorably with respect to each of these factors. In particular, we believe we differentiate ourselves from our competitors based on the breadth of our product offering, our ability to quickly provide products and supply chain solutions in response to customer demand and technological advances, our knowledge and expertise in wireless technologies and the wireless marketplace, the level of our customer service and the reliability of our order fulfillment process.



  

Overall company Market Share Q1 2023

With modest revenue growth of 2.88 % within Overall company, Tessco Technologies Incorporated managed to improve its market share within this segment to approximately 0.68 %.
<<  More on TESS Market Share.
 
*Market share is calculated based on total revenue.





Who are Tessco Technologies Incorporated's Competitors?




Arrow Electronics Inc
Share Performance



+8.35%
30 Days



Arrow Electronics Inc
Profile

Arrow Electronics Inc operates as a global provider of products, services, and solutions for industrial and commercial users of electronic components and enterprise computing solutions. The company serves as a bridge between technology manufacturers and commercial customers, offering a wide range of electronics components and enterprise solutions such as storage, networking, and cloud services. With its extensive distribution network and value-added services, Arrow Electronics aims to simplify the supply chain for its customers and accelerate their time to market.

More about Arrow Electronics Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 7,192.105 mill. $ 33,107.120 mill. $ 909.363 mill.


Tss Inc
Share Performance



0.00%
This Year



Tss Inc
Profile

Tss Inc operates on a business model focused on providing technology solutions and services to businesses across various industries. They offer a range of services including consulting, software development, and IT infrastructure support to help organizations optimize their processes and enhance productivity.

More about Tss Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 11.487 mill. $ 40.573 mill. $ -1.403 mill.


Avnet Inc
Share Performance



+4.99%
30 Days



Avnet Inc
Profile

Avnet Inc's business model centers around being a global technology solutions provider that connects technology manufacturers and customers through an extensive distribution network and value-added services, enabling them to bring products to market efficiently and cost-effectively. They offer a range of services including design, supply chain management, logistics, and support, catering to various industry sectors such as automotive, healthcare, industrial, and more.

More about Avnet Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 4,509.815 mill. $ 26,122.076 mill. $ 795.835 mill.


Bos Better Online Solutions Ltd
Share Performance



+1.85%
Over The Past 5 Days



Bos Better Online Solutions Ltd
Profile

Bos Better Online Solutions Ltd operates under a business model that primarily focuses on providing advanced technological solutions and services to various industries. The company aims to deliver scalable and customized software solutions to enhance operational efficiency and productivity. Bos Better Online Solutions also offers comprehensive logistical support and integrates cutting-edge technologies to streamline logistics processes for businesses.

More about Bos Better Online Solutions Ltd's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 15.180 mill. $ 41.511 mill. $ 1.276 mill.



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