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Tessco Technologies Incorporated  (TESS)
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Price: $8.9900 $0.01 0.111%
Day's High: $9 Week Perf: 0.45 %
Day's Low: $ 8.99 30 Day Perf: 0.78 %
Volume (M): 6 52 Wk High: $ 9.00
Volume (M$): $ 49 52 Wk Avg: $8.01
Open: $8.99 52 Wk Low: $4.38



 Market Capitalization (Millions $) 83
 Shares Outstanding (Millions) 9
 Employees 786
 Revenues (TTM) (Millions $) 452
 Net Income (TTM) (Millions $) -4
 Cash Flow (TTM) (Millions $) -1
 Capital Exp. (TTM) (Millions $) 16

Tessco Technologies Incorporated

TESSCO Technologies Incorporated is Your Total Source® for making wireless work. The convergence of wireless and the internet is revolutionizing the way the world lives, works and plays. New systems and applications are unlocking potential at an unprecedented rate. TESSCO is there, thinking in new ways for exceptional outcomes. TESSCO architects and delivers the product and value chain solutions to organizations responsible for building, operating, maintaining and reselling cellular, mobile communications, Wi-Fi, machine-to-machine, Internet of Things and wireless backhaul systems.

We believe that we have developed a highly integrated, technologically advanced and efficient method of operation based on the following key tenets:

·
Understanding and anticipating customers needs and building solutions by cultivating lasting relationships;
·
Allowing customers to make the best decisions by delivering product knowledge, not just information, through our knowledge tools, including The Wireless Journal® and the TESSCO.com® Solution and Transaction System;

Responding to what we refer to as "the moments of truth" by providing customers with sales, service and technical support, 24 hours a day, 7 days a week, 365 days a year;

Providing customers what they need, when and where they need it by delivering integrated product and supply chain solutions; and

Helping customers enhance their operations by providing real-time order tracking and performance measurement.

We operate as a team of teams structured to enhance marketing innovation, customer focus and operational excellence.

Market Development and Sales: In order to meet the needs of a dynamic and diverse marketplace, our sales and marketing activities are organized on an end-market basis. Sales teams are focused on our customers: 1) public carriers, contractors, and program managers, 2) government system operators 3) private system operators, 4) commercial dealers and resellers, and 5) retailers, independent dealer agents and carriers. This organization allows for the development of unique product and solution offerings to meet the needs of our diverse customer base.

Our customers include a diversified mix of carrier and public network operators, tower owners, program managers, contractors and integrators, wireless internet service providers, industrial and enterprise self-maintained users (including railroads, utilities, mining operators, oil and gas operators and technicians), governments, manufacturers, value-added resellers, tier 1, 2 and 3 retail carrier stores and their independent agents, dealers and consumers, as well as other local and national retailers. We currently serve an average of approximately 12,200 non-consumer customers per month.

We provide our customers with support, products and services to build and maintain these primary systems:


Enhanced Cellular Coverage and Capacity

Wireless Base Station

In-Vehicle and Mobile Communications

Wi-Fi Networks

Site Survey Test and Maintenance

Wireless Backhaul

Machine to Machine

Internet of Things

Mobility and User Devices

We offer products in these categories: base station infrastructure, network systems, mobile devices and accessories, and installation, test and maintenance products. We source and develop our product offer from leading manufacturers throughout the world.

Our operational platform allows customers and manufacturers the opportunity to streamline the supply chain process and lower total inventories and costs by providing guaranteed availability and complete, on-time delivery to the point of use.

We began our “total source” operations in 1982, reincorporated as a Delaware corporation in 1987, and have been listed on the NASDAQ Market (currently, NASDAQ Global Select) (symbol: TESS), since 1994. We operate under ISO 9001:2008 and TL 9000 registrations.



   Company Address: 11126 McCormick Road Hunt Valley 21031 MD
   Company Phone Number: 229-1000   Stock Exchange / Ticker: NASDAQ TESS
   


Customers Net Income fell by TESS's Customers Net Profit Margin fell to

-9.32 %

8.68 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ARW   -4.47%    
AVT   -2.33%    
TSSI        4.9% 
• View Complete Report
   



Tessco Technologies Incorporated

Sharp Increase in Tessco Technologies Incorporated's Diminishing Returns Amidst Marginal Revenue Growth in the Financial Period Ending March 26, 2023

Tessco Technologies Incorporated, a leading provider of wireless communication products and services, recently announced its financial results for the time-frame ending March 26, 2023. The company reported a loss per share of $-0.60, which was significantly higher than the previous year's loss of $-0.18 per share. Additionally, the Income per Share also fell from $0.05 per share in the prior reporting season.
However, the revenue for the company increased slightly by 2.875%, reaching $104.51 million compared to $101.59 million in the corresponding season of the previous year. But, the sequential revenue reported a decline of -9.026%, showing a $10.37 million drop from the last quarter's $114.88 million.






 

Tessco Technologies Incorporated's Segments
 
 
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