Communications Systems, Inc. Reports First Quarter Financial Results
Communications Systems, Inc. (JCS)
Last communications systems, inc. earnings: 7/31 08:00 am
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US:NASDAQ Investor Relations:
commsystems.com/csi/index.php/investor-resources
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Source: Business Wire
Company Returns to Profitability; Corporate Reorganization Gaining Traction MINNETONKA, Minn.--(BUSINESS WIRE)-- Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), a global provider of enterprise network infrastructure, voice and data communication products and services for deployments and management of IT networks, today announced financial results for the first quarter (“Q1”) ended March 31, 2019, including a discussion of results of operations by segment. First Quarter 2019 Summary Q1 2019 consolidated sales were $16.7 million as compared to $16.8 million in Q1 2018, with first quarter year-over-year sales increasing at JDL and Net2Edge segments and declining at Suttle and Transition Networks. Q1 2019 consolidated gross profit increased by 23% to $6.4 million from $5.2 million in the same period of 2018. Gross margin improved to
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