TESSCO Technologies Incorporated
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Sandip Mukerjee
- Full Time Employees
- 557
- Sector
- Technology
- Industry
- Communication Equipment
- Address
- 11126 McCormick Road Hunt Valley MD United States of America 21031
- IPO Date
- Sep 28, 1994
- CIK
- 0000927355
- Website
- tessco.com
- Similar Companies
- Business
- TESSCO Technologies Incorporated operates as a leading value-added distributor and comprehensive solutions provider dedicated to the wireless infrastructure market, serving customers throughout North America and internationally. The company's organizational structure traditionally includes distinct segments for Carrier and Commercial client requirements. Its extensive product catalog supports the entire lifecycle of wireless broadband systems, from initial construction to ongoing repair and modernization. This encompasses a broad array of base station infrastructure products such as base station antennas, diverse cable and transmission lines, compact towers, essential lightning protection devices, various connectors, robust power systems, outdoor enclosures, grounding equipment, jumpers, and other vital hardware. TESSCO additionally offers a range of network systems, including fixed and mobile broadband radio apparatus, advanced wireless networking filtering systems, distributed antenna systems (DAS), two-way radio equipment, and specialized security and surveillance solutions. Furthermore, for critical installation, testing, and maintenance activities, the company provides analytical equipment, precise frequency, voltage, and power measuring devices, alongside a complete suite of tools, general hardware, GPS products, safety gear, and necessary replacement components. TESSCO's diverse clientele includes major carrier and public network operators, owners of tower infrastructure, program management organizations, contractors and system integrators, private system operators, federal, state, and local government agencies, original equipment manufacturers, national solutions providers, and value-added resellers. Established in 1982, TESSCO Technologies maintains its corporate headquarters in Hunt Valley, Maryland. A significant strategic development occurred in July 2023, when the company was acquired by private equity firms Lee Equity Partners and Twin Point Capital, resulting in its delisting from the Nasdaq stock exchange. This acquisition facilitated TESSCO's integration into an expanded telecommunications distribution platform in North America, alongside Alliance Corporation and GetWireless, LLC. Separately, the company's Ventev manufacturing division was divested to Hubbell Incorporated in the same year, following an earlier sale of Ventev's mobile device accessories in 2020.
Company News
Prospector Continues to Extend High-Grade TESS Zone: Hole ML26-56 Yields 41.34 g/t Au over 7.81m Including 130.77 g/t Au over 2.25m
Prospector TESS Zone Hole ML26-46 Yields Multiple High-Grade Intervals Including: 14.7 g/t Au, 47.7 g/t Ag and 1.81% Cu over 2.1m (From 43.4m); 24.2 g/t Au, 31.6 g/t Ag and 1.62% Cu over 3.5m (From 67.6m); and 5.05 g/t Au, 29.2 g/t Ag and 1.16% Cu over 27.4m (From 127.4m)
Prospector Continues to Expand Multiple High-Grade Gold Trends: TESS Zone Hole #32 Yields 7.29 g/t Au, 0.91% Cu over 14m and Skarn Ridge Zone Hole #24 Yields 2.04 g/t Au, 0.42% Cu over 27m Plus 4.33 g/t Au, 0.5% Cu over 19m
TESSCO Technologies Incorporated Receives Stockholder Approval to Merge and Announces Expected Merger Closing Date
TESSCO TECHNOLOGIES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of TESSCO Technologies Incorporated - TESS
Tessco Technologies (TESS) Reports Q4 Loss, Misses Revenue Estimates
TESSCO Reports Fourth-Quarter Fiscal 2023 Financial Results
Shareholder Alert: Ademi LLP investigates whether TESSCO Technologies Incorporated has obtained a Fair Price in its transaction with Alliance
TESSCO Technologies stock soars on merger news
TESS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of TESSCO Technologies Incorporated Is Fair to Shareholders
Tessco stock soars toward 2-year high after buyout deal at a more than 90% premium
TESSCO Enters Into Definitive Merger Agreement
Tessco Technologies (TESS) Q3 Earnings and Revenues Beat Estimates
TESSCO Reports Third-Quarter Fiscal 2023 Financial Results
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TESSCO Technologies Announces Successful Launch of Enterprise Resource Planning (ERP) System; Reports Preliminary Third-Quarter Fiscal 2023 Financial Results
TESSCO Technologies Announces Successful Launch of Enterprise Resource Planning (ERP) System; Reports Preliminary Third-Quarter Fiscal 2023 Financial Results
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TESSCO Technologies to Present at Sidoti Microcap Virtual Conference on November 10, 2022