Communications Systems, Inc. (OQ:JCS)

Sector:  Technology Industry:  Communications & Networking
See Regulatory Filings on SEC
Company Contact
Address: 10900 Red Circle Dr
MINNETONKA MN 55343-9106
Tel: N/A
IR: See website
Key People
Roger H. D. Lacey
Executive Chairman of the Board, Chief Executive Officer
Bruce C. Blackwood
Scott Fluegge
Mark D. Fandrich
Chief Financial Officer, Interim Chief Operating Officer, Vice President
Edwin C. Freeman
Vice President - Corporate Development, Treasurer
Michael J. Skucius
Vice President - Information Technology
Kristin A. Hlavka
Corporate Controller
George Wakileh
Vice President of Technology Development, Suttle, Inc.
Business Overview
Communications Systems, Inc. (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Transition Networks, JDL Technologies (JDL) and Net2Edge. The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks. The Company is principally engaged through its subsidiary and business unit, Transition Networks, Inc., in the manufacture and sale of core media conversion products for broadband networks, Net2Edge Limited, in the development, manufacturing and sale of products that enable telecommunications carriers to connect legacy networks to high-speed services. Through its JDL Technologies, Inc. subsidiary and business unit, CSI provides information technology (IT) solutions, including network design, computer infrastructure installations, IT service management, network security and network operation services.
Financial Overview
For the fiscal year ended 31 December 2019, Communications Systems, Inc. revenues increased 20% to $50.9M. Net income before extraordinary items totaled $251K vs. loss of $4.9M. Revenues reflect Transition Networks segment increase of 23% to $44.9M, Net2Edge segment increase of 37% to $2.3M, Northern America segment increase of 28% to $39.7M. Net Income reflects Transition Networks segment income increase of 87% to $5.6M.
Employees: 674 as of Mar 1, 2016
Reporting Currency: U.S. Dollars
Enterprise value: $19.48M as of Dec 31, 2019
Annual revenue (TTM): $50.91M as of Dec 31, 2019
EBITDA (TTM): $1.04M as of Dec 31, 2019
Net annual income (TTM): $3.22M as of Dec 31, 2019
Free cash flow (TTM): $9.06M as of Dec 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 9,256,298 as of Mar 1, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization