Merged with Lee Equity Partners and Twin Point Capital in July 2023
TESS - TESSCO Technologies Incorporated
NASDAQ
->
Technology
->
Communication Equipment
Hunt Valley,
United States
Type: Equity
TESS price evolution
TESS
| (in millions $) | 31 Jan 2024 | 31 Mar 2023 | 25 Jan 2023 | 24 Oct 2022 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $0.78 | $3.27 | $3.32 | |
| Short term investments | ||||
| Net receivables | $83 | $83.24 | $88.55 | |
| Inventory | $73.35 | $70.86 | $70.57 | |
| Total current assets | $164.43 | $162.03 | $166.72 | |
| Long term investments | ||||
| Property, plant & equipment | $18.33 | $17.57 | $18.14 | |
| Goodwill & intangible assets | $40.76 | $40.73 | $36.76 | |
| Total noncurrent assets | $68.17 | $67.71 | $63.77 | |
| Total investments | ||||
| Total assets | $232.6 | $229.74 | $230.49 | |
| Current liabilities | ||||
| Accounts payable | $69.77 | $66.25 | $76.58 | |
| Deferred revenue | ||||
| Short long term debt | $2.87 | $2.85 | $2.93 | |
| Total current liabilities | $83.19 | $78.44 | $87.49 | |
| Long term debt | $75.48 | $67.45 | $59.45 | |
| Total noncurrent liabilities | $76.29 | $73.04 | $65.61 | |
| Total debt | $78.35 | $75.04 | $67.68 | |
| Total liabilities | $159.48 | $151.48 | $153.1 | |
| Shareholders' equity | ||||
| Retained earnings | $2.43 | $8.07 | $7.65 | |
| Other shareholder equity | ||||
| Total shareholder equity | $73.12 | $78.25 | $77.39 | |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 26 Apr 2022 | 27 Apr 2021 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $0.78 | $1.75 | $1.11 | $0.05 |
| Short term investments | ||||
| Net receivables | $83 | $75.55 | $79.84 | $80.48 |
| Inventory | $73.35 | $55.95 | $55.95 | $53.06 |
| Total current assets | $164.43 | $140.5 | $140.5 | $139.83 |
| Long term investments | ||||
| Property, plant & equipment | $18.33 | $19.75 | $19.75 | $23.86 |
| Goodwill & intangible assets | $40.76 | $30.6 | $19.14 | $11.16 |
| Total noncurrent assets | $68.17 | $62.01 | $49.25 | $44.93 |
| Total investments | ||||
| Total assets | $232.6 | $202.51 | $202.51 | $189.08 |
| Current liabilities | ||||
| Accounts payable | $69.77 | $65.25 | $65.25 | $59.42 |
| Deferred revenue | ||||
| Short long term debt | $2.87 | $2.91 | $2.57 | $28.14 |
| Total current liabilities | $83.19 | $76.04 | $76.04 | $71.99 |
| Long term debt | $75.48 | $49.66 | $43.07 | $30.58 |
| Total noncurrent liabilities | $76.29 | $50.55 | $40.34 | $12.4 |
| Total debt | $78.35 | $52.56 | $42.08 | $39.62 |
| Total liabilities | $159.48 | $126.59 | $126.59 | $112.33 |
| Shareholders' equity | ||||
| Retained earnings | $2.43 | $6.78 | $6.78 | $9.48 |
| Other shareholder equity | ||||
| Total shareholder equity | $73.12 | $75.92 | $76.75 | $83.7 |
| (in millions $) | 31 Jan 2024 | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $104.2 | $114.88 | $120.51 | |
| Cost of revenue | $83.37 | $91.19 | $96.33 | |
| Gross Profit | $20.84 | $23.69 | $24.18 | |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $25.35 | $22.72 | $22.69 | |
| Total operating expenses | $25.35 | $22.72 | $22.69 | |
| Operating income | -$4.52 | $0.98 | $1.49 | |
| Income from continuing operations | ||||
| EBIT | -$4.52 | $0.98 | $1.46 | |
| Income tax expense | $0.05 | $0.03 | -$0.06 | |
| Interest expense | $1.07 | $0.52 | $0.38 | |
| Net income | ||||
| Net income | -$5.64 | $0.42 | $1.14 | |
| Income (for common shares) | -$5.64 | $0.42 | $1.14 | |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $452.06 | $417.54 | $373.34 | $540.3 |
| Cost of revenue | $360.98 | $339.51 | $305.63 | $448.48 |
| Gross Profit | $91.08 | $78.04 | $67.72 | $91.82 |
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $93.2 | $81.54 | $85.51 | $107.81 |
| Total operating expenses | $93.2 | $81.54 | $85.51 | $119.98 |
| Operating income | -$2.11 | -$3.51 | -$17.79 | -$28.16 |
| Income from continuing operations | ||||
| EBIT | -$2.11 | -$2.9 | -$12.16 | -$28.16 |
| Income tax expense | $0.01 | -$1.07 | -$3.84 | -$7.7 |
| Interest expense | $2.23 | $0.88 | $0.43 | $1.12 |
| Net income | ||||
| Net income | -$4.35 | -$2.7 | -$8.74 | -$21.57 |
| Income (for common shares) | -$4.35 | -$2.7 | -$8.74 | -$21.57 |
| (in millions $) | 31 Mar 2023 | 31 Dec 2022 | 30 Sep 2022 | 30 Jun 2022 |
|---|---|---|---|---|
| Net income | -$5.64 | $0.42 | $1.14 | -$0.28 |
| Operating activities | ||||
| Depreciation | $2.28 | $0.52 | $0.53 | $0.54 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.3 | $0.27 | $0.31 | $0.22 |
| Total cash flows from operations | -$2.88 | -$2.9 | -$4.97 | -$1.2 |
| Investing activities | ||||
| Capital expenditures | -$2.21 | -$5.02 | -$6.43 | -$2.04 |
| Investments | ||||
| Total cash flows from investing | -$2.21 | -$5.02 | -$6.43 | -$2.04 |
| Financing activities | ||||
| Dividends paid | ||||
| Sale and purchase of stock | $0.08 | $0.07 | -$0.02 | -$0.14 |
| Net borrowings | $2.52 | $7.8 | $11.74 | $4.64 |
| Total cash flows from financing | $2.6 | $7.87 | $11.72 | $4.5 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$2.49 | -$0.05 | $0.32 | $1.25 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | -$4.35 | -$2.7 | -$8.74 | -$21.57 |
| Operating activities | ||||
| Depreciation | $3.87 | $2.48 | $3.74 | $4.03 |
| Business acquisitions & disposals | $9.2 | |||
| Stock-based compensation | $1.1 | $1.34 | $1.21 | $1.17 |
| Total cash flows from operations | -$11.96 | -$2.5 | -$0.68 | $0.91 |
| Investing activities | ||||
| Capital expenditures | -$15.71 | -$9.5 | -$11.86 | -$6.85 |
| Investments | ||||
| Total cash flows from investing | -$15.71 | -$9.5 | -$2.65 | -$6.85 |
| Financing activities | ||||
| Dividends paid | -$5.29 | |||
| Sale and purchase of stock | -$0.01 | $0.09 | $0.08 | $0.06 |
| Net borrowings | $26.7 | $12.55 | $4.32 | $11.18 |
| Total cash flows from financing | $26.69 | $12.64 | $4.4 | $5.96 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$0.98 | $0.64 | $1.06 | $0.02 |
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Fundamentals
| Market cap | N/A |
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| Enterprise value | N/A |
| Shares outstanding | N/A |
| Revenue | N/A |
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| EBITDA | N/A |
| EBIT | N/A |
| Net Income | N/A |
| Revenue Q/Q | N/A |
| Revenue Y/Y | N/A |
| P/E ratio | N/A |
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| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | N/A |
| Book/Share | N/A |
| Cash/Share | N/A |
| EPS | N/A |
|---|---|
| ROA | N/A |
| ROE | N/A |
| Debt/Equity | 2.18 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | N/A |
| Quick ratio | N/A |