Filtered-popping recursive transition network

Communications Systems, Inc. Enters into a Purchase Agreement to Sell its Headquarters Building for $6.8 Million

Retrieved on: 
Monday, November 22, 2021
Telecommunications, Software, Networks, Internet, Data Management, Technology, Other Technology, Security, Private Securities Litigation Reform Act, Security (finance), Disclosure, Sale, Time-invariant system, Company, Combat service support (United States), FD, CSI, Compliance, Procurement, SEC, IOT, U.S. Securities and Exchange Commission, Filtered-popping recursive transition network, Contingent value rights, Communication, Nasdaq, View, LLC, CVR, Interim, Uncertainty, JCS, Pineapple, Growth, Regulation Fair Disclosure, Property management

The building currently includes the CSIs corporate administrative offices, as well as some operations of the Companys JDL Technologies and Ecessa businesses within its Services & Support operating segment.

Key Points: 
  • The building currently includes the CSIs corporate administrative offices, as well as some operations of the Companys JDL Technologies and Ecessa businesses within its Services & Support operating segment.
  • If the sale proceeds, the Company currently expects the transaction to close within the first quarter of 2022.
  • Roger Lacey, CSIs Executive Chair and Interim Chief Executive Officer, commented, This is an important milestone as the Company continues toward its planned merger with Pineapple Energy.
  • These statements are based on Communications Systems current expectations or beliefs and are subject to uncertainty and changes in circumstances.

Communications Systems, Inc. Reports Third Quarter 2021 Financial Results

Retrieved on: 
Monday, November 15, 2021
Telecommunications, Other Energy, Networks, Internet, Alternative Energy, Energy, Data Management, Technology, Form, CVR Partners, AND, Private Securities Litigation Reform Act, Person, AS, Reading, Prospectus, Health, Security (finance), Time-invariant system, General Services Support Estimate, Contingent value rights, SEC filing, IOT, Income, Growth, Filtered-popping recursive transition network, Securities Act of 1933, THE, Annual report, LLC, Sale, Acquisition, Section 10 of the Canadian Charter of Rights and Freedoms, Company, U.S. Securities and Exchange Commission, CSI, SD, SEC, E&S, ANY, Super Mario, Communication, Uncertainty, Risk, Support, Intellectual property, Adani Transmission, Video game, Holding company, Bookkeeping, Retail, Bank, Cargo

Services & Support sales decreased 45% to $1,947,000 in the third quarter of 2021 compared to $3,530,000 in the third quarter of 2020.

Key Points: 
  • Services & Support sales decreased 45% to $1,947,000 in the third quarter of 2021 compared to $3,530,000 in the third quarter of 2020.
  • Overall, Ecessa contributed $565,000 in revenue during the quarter, an increase of $30,000 over the third quarter of the prior year.
  • Gross margin increased to 42.8% in the third quarter of 2021 compared to 38.0% in the third quarter of 2020 due to the increase in services & support revenue, which has higher margins.
  • Further, investors should keep in mind that the Companys financial results in any period may not be indicative of future results.

Lantronix Announces Preliminary Revenue Results for Fourth Quarter of Fiscal 2021 with Final Results to be Reported on August 26, 2021

Retrieved on: 
Monday, August 9, 2021
Agriculture, Software, U.S. Securities and Exchange Commission, Private Securities Litigation Reform Act, Internet, Vaccination, GLOBE, COVID-19, Internet of things, Failure, REM, Software as a service, Filtered-popping recursive transition network, GAAP, Industry, Acquisition, Government, Webcast, Nasdaq, Mission statement, News, Solution, Transport, NASDAQ, SEC, LinkedIn, IOT, Forward-looking statement, Conference, YouTube, Graphic Communications Conference, Security (finance), Part, OOBM, Communications satellite

For the fourth quarter of fiscal 2021 ended June 30, 2021, Lantronix currently expects to report revenues greater than $20 million.

Key Points: 
  • For the fourth quarter of fiscal 2021 ended June 30, 2021, Lantronix currently expects to report revenues greater than $20 million.
  • https://wsw.com/webcast/oppenheimer15/ltrx/2837012
    Lantronix will release full and final results for its fiscal fourth quarter 2021 at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on August 26, 2021.
  • Lantronixs announced preliminary estimated results for its fiscal fourth quarter ended June 30, 2021 are preliminary and may change.
  • This news release contains forward-looking statements, including statements concerning our revenue and earnings expectations for the fourth quarter of fiscal 2021.