Company Quick10K Filing
Communications Systems
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 9 $28
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 2019-09-19 Officers, Exhibits
8-K 2019-05-22 Regulation FD, Exhibits
8-K 2019-05-22 Shareholder Vote
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) 39,631 53% 4.6 7% 117,732 102,902 63,865 33,633 8,560 23,312 106,664
Remark Holdings (MARK) 38,749 68% -4.5 -88% 25,451 42,350 64,001 43,627 -22,510 -8,131 36,678
Clearone (CLRO) 36,788 44% -4.6 -31% 55,907 7,871 26,621 11,665 -17,125 -7,458 34,436
Asia Pacific Wire & Cable (APWC) 35,240 0% 305,798 83,982 0 0 0 0 35,240
Communications Systems (JCS) 27,678 37% 5.5 1% 54,076 9,302 66,074 24,279 724 2,505 13,900
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) 21,792 40% 0.2 -29% 47,233 8,139 39,535 15,675 -13,500 -13,454 -2,285
Sunworks (SUNW) 16,959 15% -2.6 -24% 29,014 22,105 65,447 9,940 -6,837 -6,449 16,789
Novume Solutions (NVMM) 12,792 29% -3.6 -32% 32,129 30,310 48,961 14,235 -10,391 -7,949 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) 3,784 -10% -0.3 -115% 9,286 2,817 7,972 -771 -10,643 -10,189 2,965
DropCar (DCAR) 970 4% 0.3 -213% 4,800 2,334 13,298 487 -10,248 -9,354 -2,478
Glowpoint (GLOW) 723 0% 0.1 -90% 6,268 912 10,823 0 -5,667 -5,000 -264
XG Technology (XGTI) 632 0% -1.1 -42% 27,997 22,443 34,695 0 -11,826 -5,269 6,036
Qwest (CTY) 0 69% 1.8 4% 20,743,000 10,611,000 8,368,000 5,815,000 858,000 3,294,000 6,062,000
PowerFleet (PWFL)
Rekor Systems (REKR)
Vislink Technologies (VISL)
Telephone & Data Systems (TDS)

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