tessco technologies, inc. (nasdaq: tess) is a value-added technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure and mobile device accessories markets. the company was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. tessco supplies more than 50,000 products from 400 of 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
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
Latest filings (excl ownership)
15-12G
Securities registration termination
27 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
S-8 POS
Registration of securities for employees (post-effective amendment)
19 Jul 23
8-K
TESSCO Announces Closing of Merger Transaction
18 Jul 23
25-NSE
Exchange delisting
17 Jul 23
Transcripts
TESS
Earnings call transcript
2023 Q3
8 Feb 23
TESS
Earnings call transcript
2023 Q2
28 Oct 22
TESS
Earnings call transcript
2023 Q1
30 Jul 22
TESS
Earnings call transcript
2022 Q4
11 May 22
TESS
Earnings call transcript
2022 Q3
4 Feb 22
TESS
Earnings call transcript
2022 Q2
29 Oct 21
TESS
Earnings call transcript
2022 Q1
28 Jul 21
TESS
Earnings call transcript
2021 Q4
11 May 21
TESS
Earnings call transcript
2021 Q3
2 Feb 21
TESS
Earnings call transcript
2021 Q2
31 Oct 20
Latest ownership filings
Financial summary
Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
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Diluted EPS |
Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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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) | 777.20 k | 777.20 k | 777.20 k | 777.20 k | 777.20 k | 777.20 k |
Cash burn (monthly) | 831.53 k | 81.40 k | 1.86 mm | 302.12 k | 961.03 k | 996.58 k |
Cash used (since last report) | 10.80 mm | 1.06 mm | 24.17 mm | 3.92 mm | 12.48 mm | 12.94 mm |
Cash remaining | -10.02 mm | -279.81 k | -23.40 mm | -3.15 mm | -11.70 mm | -12.16 mm |
Runway (months of cash) | -12.1 | -3.4 | -12.6 | -10.4 | -12.2 | -12.2 |
Institutional ownership, Q2 2023
51.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 30 |
Opened positions | 11 |
Closed positions | 9 |
Increased positions | 7 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 25.92 bn |
Total shares | 4.81 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Lakeview Investment Group & Trading | 1.33 mm | $6.26 mm |
Beryl Capital Management | 840.39 k | $7.52 bn |
Dimensional Fund Advisors | 372.05 k | $3.33 bn |
BLK Blackrock | 367.29 k | $3.29 bn |
Renaissance Technologies | 324.74 k | $2.91 mm |
Vanguard | 237.19 k | $2.12 bn |
Gardner Lewis Asset Management L P | 228.61 k | $2.05 bn |
Bridgeway Capital Management | 201.87 k | $1.81 bn |
Crystalline Management | 196.73 k | $1.76 bn |
Radoff Bradley Louis | 136.02 k | $0.00 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
17 Jul 23 | Thad Lowe | Common Stock | Sale back to company | Dispose D | No | No | 0 | 5,625 | 0.00 | 0 |
17 Jul 23 | Thad Lowe | Common Stock | Sale back to company | Dispose D | No | No | 0 | 2,813 | 0.00 | 0 |
17 Jul 23 | Thad Lowe | Common Stock | Sale back to company | Dispose D | No | No | 0 | 5,088.427 | 0.00 | 0 |
17 Jul 23 | Thad Lowe | Employee Stock Option Common Stock | Sale back to company | Dispose D | No | No | 1.63 | 20,000 | 32.60 k | 0 |
17 Jul 23 | Thad Lowe | Employee Stock Option Common Stock | Sale back to company | Dispose D | No | No | 3.06 | 10,000 | 30.60 k | 0 |
17 Jul 23 | Thad Lowe | Employee Stock Option Common Stock | Sale back to company | Dispose D | No | No | 4.64 | 10,000 | 46.40 k | 0 |
17 Jul 23 | Matthew W Brewer | Common Stock | Sale back to company | Dispose D | No | No | 0 | 10,355 | 0.00 | 0 |
17 Jul 23 | Matthew W Brewer | Common Stock | Sale back to company | Dispose D | No | No | 0 | 750 | 0.00 | 0 |
17 Jul 23 | Matthew W Brewer | Common Stock | Sale back to company | Dispose D | No | No | 0 | 750 | 0.00 | 0 |
17 Jul 23 | Matthew W Brewer | Common Stock | Sale back to company | Dispose D | No | No | 0 | 750 | 0.00 | 0 |