Company Quick10K Filing
Communications Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 9 $28
10-K 2020-03-17 Annual: 2019-12-31
10-Q 2019-11-01 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-05-07 Quarter: 2019-03-31
10-K 2019-03-08 Annual: 2018-12-31
10-Q 2018-11-09 Quarter: 2018-09-30
10-Q 2018-08-03 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-04-06 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-18 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-31 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-11 Annual: 2015-12-31
10-Q 2015-11-06 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-07 Quarter: 2015-03-31
10-K 2015-03-12 Annual: 2014-12-31
10-Q 2014-11-06 Quarter: 2014-09-30
10-Q 2014-08-07 Quarter: 2014-06-30
10-Q 2014-05-08 Quarter: 2014-03-31
10-K 2014-03-14 Annual: 2013-12-31
10-Q 2013-11-08 Quarter: 2013-09-30
10-Q 2013-08-08 Quarter: 2013-06-30
10-Q 2013-05-10 Quarter: 2013-03-31
10-K 2013-03-15 Annual: 2012-12-31
10-Q 2012-11-08 Quarter: 2012-09-30
10-Q 2012-08-09 Quarter: 2012-06-30
10-Q 2012-05-10 Quarter: 2012-03-31
10-K 2012-03-15 Annual: 2011-12-31
10-Q 2011-11-10 Quarter: 2011-09-30
10-Q 2011-08-10 Quarter: 2011-06-30
10-Q 2011-05-10 Quarter: 2011-03-31
10-K 2011-03-15 Annual: 2010-12-31
10-Q 2010-11-10 Quarter: 2010-09-30
10-Q 2010-08-10 Quarter: 2010-06-30
10-Q 2010-05-12 Quarter: 2010-03-31
10-K 2010-03-18 Annual: 2009-12-31
8-K 2020-03-11 Enter Agreement, M&A, Earnings, Exit Costs, Exhibits
8-K 2019-09-19 Officers, Exhibits
8-K 2019-05-22 Shareholder Vote
8-K 2019-05-22 Regulation FD, Exhibits
8-K 2019-04-05 Enter Agreement, Exhibits
8-K 2019-03-26 Officers
8-K 2018-12-12 Officers, Other Events, Exhibits
8-K 2018-05-23 Shareholder Vote, Other Events, Exhibits
8-K 2018-04-02 Exhibits
8-K 2018-02-09 Officers

Communications Systems Financials

JCS Metrics, Comps, Filings

Annual | Quarterly

Business

Communications Systems, Inc. (herein collectively referred to as “CSI,” “our,” “we” or the “Company”) is a Minnesota corporation organized in 1969 that operates directly and through its subsidiaries located in the United States (U.S.) and the United Kingdom (U.K.). CSI is principally engaged through its Transition Networks, Inc. (“Transition Networks” or “Transition”) subsidiary and business unit in the manufacture and sale of core media conversion products, Ethernet switches, and other connectivity and data transmission products, and through its Suttle, Inc. (“Suttle”) subsidiary and business unit in the manufacture and sale of connectivity infrastructure products for broadband and voice communications. Through its JDL Technologies, Inc. (“JDL Technologies” or “JDL”) business unit, CSI provides technology solutions including virtualization, managed services, wired and wireless network design and implementation, and hybrid cloud infrastructure and deployment. Through its Net2Edge Limited (“Net2Edge”) U.K.-based business unit, the Company develops, manufactures and sells products that enable telecommunications carriers to connect legacy networks to high-speed services.

The Company classifies its businesses into the following four segments:

-Transition Networks designs and markets media conversion products, Ethernet switches, and other connectivity and data transmission products;


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Otelco (OTEL) 40,145 39% 6.0 5% 119,613 102,905 63,375 24,545 5,816 17,613 106,147
Remark Holdings (MARK) 53,757 73% -4.8 -77% 21,483 41,707 23,014 16,915 -16,567 -11,071 53,101
Clearone (CLRO) 30,463 44% -5.8 -12% 53,134 7,150 18,717 8,180 -6,423 -4,909 28,453
Asia Pacific Wire & Cable (APWC) 35,240 0% 305,798 83,982 0 0 0 0 35,240
Communications Systems (JCS) 47,497 29% 6.4 7% 57,707 11,451 69,005 19,873 4,006 5,061 32,197
Optical Cable (OCC) 24,839 27% -9.7 -13% 41,518 19,662 73,348 20,025 -5,363 -3,097 29,963
Westell Technologies (WSTL) 22,648 35% -0.1 -35% 43,679 7,960 36,998 13,061 -15,320 -15,284 932
Sunworks (SUNW) 11,812 13% -2.3 -19% 30,266 21,964 45,470 5,985 -5,796 -5,508 12,692
Novume Solutions (NVMM) 12,792 29% -4.8 -26% 32,129 30,310 37,104 10,915 -8,306 -6,066 28,868
Ability (ABIL) 12,735 0% 25,374 21,825 0 0 0 0 -68,565
MER Telemanagement Solutions (MTSL) 5,943 0% 7,487 5,084 0 0 0 0 4,793
One Horizon Group (OHGI) 78 -2% 0.1 -98% 5,908 3,105 7,835 -148 -5,762 -5,266 -419
DropCar (DCAR) 975 5% 0.3 -195% 3,596 1,833 8,053 409 -7,005 -6,291 -1,620
Glowpoint (GLOW) 726 11% 0.3 -36% 5,878 1,168 7,403 788 -2,113 -1,652 -545
XG Technology (XGTI) 7,376 0% -0.4 -76% 29,335 19,499 41,595 0 -22,441 -18,927 6,667
Qwest (CTY) 0 52% 3.0 0% 20,830,000 10,621,000 8,258,000 4,320,000 0 2,005,000 6,063,000
Rekor Systems (REKR)
America Movil,B. de C.V. (AMOV) 0% 1,429,223,392 1,183,350,970 0 0 0 0 -0
Telephone & Data Systems (TDS)
Millicom International Cellular (TIGO) 0% 10,316,000 7,526,000 0 0 0 0 -158,000

Balance Sheet ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash22,51617,87020,05913,7379,81310,44312,45411,056
Accounts Receivable14,46114,68322,90213,84017,84914,55212,18313,401
Inventory25,98633,75329,11231,11024,98622,20513,98416,176
PP&E14,01914,47541,71245,77317,46815,71912,62510,962
Assets116,659112,535103,533100,28687,91673,17758,14653,321
Accounts Payable4,3999,2374,8955,1818,3736,9544,5555,395
Long-Term Debt1,5751,118628
Liabilities19,12818,53914,91114,26615,73211,5448,97611,668
Stockholders' Equity97,53193,99588,62286,02072,18561,63349,17141,653
Income Statement ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue143,775104,250131,320119,071107,67099,35382,32365,763
Cost of Revenue84,88062,75386,42176,91376,12372,77161,48644,456
Gross Profit58,89541,49744,89942,15931,54626,58120,83621,307
R&D2,3042,7607,8358,2915,3663,6393,786
SG&A40,10838,10136,74338,62840,83035,18628,69927,502
Tax7,8221,1602,0611,219-2,365-1,233-35405
Net Income9,7982,238-9581,962-9,648-8,114-11,826-6,792
Cash Flow ($'000)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating14,06720077312,1728401,2153,650-4,723
Cash Investing-3,1203,0355,775-12,0481,3954,435-2944,812
Cash Financing-5,185-7,924-4,390-6,301-6,006-4,899-1,361-1,417