News & Videos - TESSCO TECHNOLOGIES INC. - English

TESSCO TECHNOLOGIES INCORPORATED (“Tessco” or the “Company”) today announced the closing of its previously announced merger with entities affiliated with Lee Equity Partners and Twin Point Capital, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (“GetWireless”), a value-added distributor of cellular solutions that connect the Internet of Things (IoT). Tessco shareholders approved the...

(NASDAQ: TESS), TESSCO TECHNOLOGIES INCORPORATED (“Tessco” or the “Company") announced today that, at a Special Meeting of Stockholders held on July 13, 2023, Tessco stockholders approved the proposal to approve the merger transaction between Tessco and entities affiliated with Lee Equity Partners LLC and Twin Point Capital LLC, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (“GetWireless”), a...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TESSCO Technologies Incorporated (NasdaqGS: TESS) to entities affiliated with Lee Equity Partners and Twin Point Capital. Under the terms of the proposed transaction, shareholders of TESSCO will receive $9.00 in cash for each share of TESSCO that they own. KSF is seeking to determine whether this consideration and the process that led to it...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2023 fourth quarter, ended March 26, 2023. Fourth-Quarter and Full Fiscal Year 2023 Financial Highlights (all from continuing operations): Fiscal year 2023 revenues increased by 8% and gross profit grew by 17%; fiscal 2023 revenues of $452 million, within guidance range Fiscal year 2023 net loss of $4.3 million, within guidance range Adjusted EBITDA for fiscal year 2023 increased from $0.3...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TESSCO Technologies Incorporated (NasdaqGS: TESS) to entities affiliated with Lee Equity Partners and Twin Point Capital. Under the terms of the proposed transaction, shareholders of TESSCO will receive $9.00 in cash for each share of TESSCO that they own. KSF is seeking to determine whether this consideration and the process that led to it...

Shareholder Alert: Ademi LLP investigates whether TESSCO Technologies Incorporated has obtained a Fair Price in its transaction with Alliance PR Newswire MILWAUKEE, April 12, 2023 MILWAUKEE , April 12, 2023 /PRNewswire/ -- Ademi LLP is investigating Tessco (NASDAQ: TESS) for possible breaches of fiduciary duty and other violations of law in its transaction with Alliance. Click here to learn how to join the action https://www.ademilaw.com/case/tessco-technologies-incorporated or call Guri Ademi...

Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of TESSCO Technologies Incorporated (NASDAQ: TESS) to affiliates of Lee Equity Partners and Twin Point Capital for $9.00 in cash per share is fair to TESSCO shareholders. Halper Sadeh encourages TESSCO shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected] . The investigation...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) , (“Tessco” or the “Company”), today announced that the Company has entered into a definitive merger agreement with entities affiliated with Lee Equity Partners and Twin Point Capital, which also own Alliance Corporation (“Alliance”), a value-added distributor of equipment for the wireless industry, and GetWireless, LLC (“GetWireless”), a value-added distributor of cellular solutions that connect the Internet of Things (IoT). Under...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported final financial results for its fiscal year 2023 third quarter, ended December 25, 2022. Third-Quarter Fiscal 2023 Financial Highlights (all from continuing operations): Third-quarter revenues of $114.9 million, up 12.1% year over year Carrier segment revenues of $48.6 million, up 12.0% year over year Commercial segment revenues of $66.3 million, up 12.2% year over year Sales backlog of $84 million, compared to $98 million at end of...

TESSCO Technologies Incorporated (NASDAQ: TESS) , a leading value-added distributor and solutions provider for the wireless industry, today announced the successful launch of its new Enterprise Resource Planning (ERP) system. The Company also announced preliminary results for its fiscal third quarter ended December 25, 2022 and reaffirmed guidance for its 2023 fiscal year. Tessco will issue its final fiscal third-quarter financial results after the market close on February 7, 2023 and will host...

TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today announced that the Company’s management team will present at the Sidoti Microcap Virtual Conference on November 10, 2022. TESSCO’s presentation is scheduled to begin at 10:45 a.m. ET. President and Chief Executive Officer Sandip Mukerjee and Chief Financial Officer Aric Spitulnik will present and be available for one-on-one meetings with investors. A link...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2023 second quarter, ended September 25, 2022. Second-Quarter Fiscal 2023 Financial Highlights (all from continuing operations) Record second-quarter revenues of $120.5 million, up 11.0% year over year Record quarterly Carrier segment revenues of $51.9 million, up 11% year over year Sales backlog at the end of the second quarter of $98 million, compared to $99 million at the end of the first...

TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal second quarter ended September 25, 2022 after the market closes on Thursday, October 27, 2022. Management will host a conference call to discuss these results the following day, Friday, October 28, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2023 first quarter, ended June 26, 2022. First-Quarter Financial Highlights (from continuing operations) First-quarter, fiscal-year 2023 revenues of $112.2 million, up 7% year over year Record quarterly bookings of $137.3 million with quarterly record total backlog of $99.1 million, up from $75.2 million as of the end of Q4 fiscal 2022 First-quarter FY 2023 net loss of $0.5 million, compared with...

TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal first quarter ended June 26, 2022 after the market closes on Tuesday, July 26, 2022. Management will host a conference call to discuss these results the following day, July 27, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). The...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2022 fourth quarter and year ended March 27, 2022. Fourth-Quarter and Full Fiscal Year Financial Highlights from Continuing Operations Fourth-quarter fiscal-year 2022 revenues of $101.6 million, up 14.5% compared with the fourth quarter of prior fiscal year Fiscal year 2022 revenues of $417.5 million, up 11.8% from the prior year Fourth-quarter sales order bookings growth of 10.6% compared with...

TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal fourth quarter ended March 27, 2022 after the market closes on Tuesday, May 10, 2022. Management will host a conference call to discuss these results the following day, May 11, at 8:30 a.m. ET. To participate in the conference call, please dial 888-210-2975 (domestic call-in) or 646-960-0497 (international call-in). The...

TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its fiscal year 2022 third quarter, ended December 26, 2021. Third-Quarter Financial Highlights Net income of $1.2 million Adjusted EBITDA* of $1.0 million, first quarter of positive adjusted EBITDA since the Company began tracking results from continuing operations at the start of fiscal 2020 following its exit from the retail business Third-quarter fiscal-year 2022 revenues of $102.5 million, up 3% compared...

TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, will report financial results for its fiscal third quarter ended December 26, 2021 after the market closes on Thursday, February 3, 2022. Management will host a conference call to discuss these results the following day, February 4, at 8:30 a.m. ET. To participate in the conference call, please call 888-210-2975 (domestic call-in) or 646-960-0497 (international...

TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor to the wireless infrastructure construction industry, provided an update to its recently launched Device Lifecycle Management platform, a highly customizable, device-agnostic solution that provides remote end-to-end monitoring, alerting, and management of devices in a multi-vendor network. This is accomplished by offering a secure, web-based management portal that delivers a single pane of glass view, featuring...