Communications Systems, Inc. Reports Second Quarter 2020 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
New reporting segments reflect focus on intelligent edge solutions for the global IoT ecosystem and services business; after the Ecessa acquisition, the Company is seeking new acquisition opportunities in adjacent spacesSecond quarter results affected by COVID-19 shutdown: reports consolidated 2020 second quarter sales from continuing operations of $9.6 million, gross profit of $3.5 million and operating loss of $1.6 millionBalance sheet remains strong with cash, cash equivalents, and investments of $24.8 million and working capital of $34.0 million at June 30, 2020 MINNETONKA, Minn.--(BUSINESS WIRE)--Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), a global IoT intelligent edge products and services company, today announced financial results for the second quarter (“Q2”) ended June 30, 2020, including a discussion of results of operations by product type.As we have highlighted in prior press releases and at our 2020 annual shareholder meeting, we are pointing t
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