Communications Systems, Inc. Reports Third 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
Third quarter 2020 results substantially improved from second quarter 2020 although still impacted by the COVID-19 pandemic; Company reports consolidated third quarter 2020 sales from continuing operations of $12.1 million, gross profit of $5.2 million and operating income of $0.3 millionStrong balance sheet with cash, cash equivalents, and liquid investments of $21.0 million and working capital of $28.5 million at September 30, 2020Growth strategy focuses on investments in intelligent edge solutions and services, new partnerships and acquisitions 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 third quarter (“Q3”) ended September 30, 2020, including a discussion of results of operations by our new segments or product types.CSI’s Chief Executive Officer Roger H.D. Lacey noted, “Since the beginning of the year we made signifi
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