Communications Systems, Inc.
NASDAQ Global MarketCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Roger Lacey
- Full Time Employees
- 39
- Sector
- Technology
- Industry
- Communication Equipment
- Address
- 10900 Red Circle Dr Minnetonka MN United States of America 55343
- IPO Date
- Nov 19, 1981
- CIK
- 0000022701
- Website
- commsystems.com
- Similar Companies
- Business
- Communications Systems, Inc. operates as an IoT intelligent edge products and services company, providing physical connectivity infrastructure, network hardware, fiber optic and copper connectivity, premise broadband distribution, virtualization, managed services, and core network infrastructure for global deployments of broadband and enterprise networks. The company offers smart, flexible electronics and software solutions allowing customers to provision and manage networks with actionable insights, and provides fully managed services for network design, installation, monitoring, support, and maintenance. Communications Systems serves customers in over 50 countries across various sectors including government, defense, non-profit, and enterprise, delivering solutions that optimize broadband network utilization from the network edge to end users. Founded in 1981 and headquartered in Minnetonka, Minnesota, Communications Systems has recently undergone significant strategic transformation. In March 2022, it completed a merger with Pineapple Energy LLC, a residential solar, battery storage, and grid services consolidator, subsequently changing its name to Pineapple Holdings, Inc. This merger marked a major pivot towards renewable energy solutions and energy management services, aiming to leverage growth and acquisition opportunities in the U.S. solar energy market. Prior to this, Communications Systems exited its Transition Networks and Net2Edge businesses by selling them to Lantronix, Inc. in 2021, focusing its operations on the IoT intelligent edge market and energy management platform. The company has also expanded its services portfolio through acquisitions such as Ecessa Corporation, which enhanced its intelligent edge services and cloud-managed networking capabilities. Communications Systems focuses on high-margin recurring revenue models including software-as-a-service offerings, cloud orchestration, enhanced network security features, and cellular connectivity services. The company services diverse markets with specialized solutions, maintaining a strong emphasis on innovation, quality, and customer service. Its strategic repositioning towards solar energy through the Pineapple Energy merger reflects a commitment to environmental sustainability and power transition initiatives while retaining its core capabilities in broadband network infrastructure and managed IT services. The company operates primarily in North America with a global customer base, driving growth by leveraging operational synergies and expanding its portfolio of communications and energy management technologies.
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Communications Systems' Special Meeting of Shareholders Approved the Sale of Its Transition Networks and Net2Edge Businesses to Lantronix
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Communications Systems, Inc. Reports First Quarter 2021 Financial Results
Communications Systems to Sell its Transition Networks and Net2Edge Businesses for $25.0 Million Paid at Closing Plus up to an Additional $7.0 Million in Earnout Payments
Communications Systems, Inc. Reports 2020 Fourth Quarter and Year-End Financial Results
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