Communications Systems (JCS) Reports Q1 Loss of $0.28
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Communications Systems, Inc. Reports First Quarter 2016 Financial Results
May 5, 2016 4:50 PM EDTMINNETONKA, Minn.--(BUSINESS WIRE)-- Communications Systems, Inc. (NASDAQ: JCS) (CSI or the Company), a global provider of connectivity infrastructure and services for deployments of broadband networks, today announced financial results for the first quarter (Q1) ended March 31, 2016, including a discussion of results of operations by segment.
First Quarter 2016 Summary
Q1 2016 consolidated sales rose 26% to $24.7 million from $19.5 million in Q1 2015. All businesses grew. Suttles sales increased 11% to $11.8 million. Transition Networks sales rose 7% to $8.3 million. JDL Technologies sales grew 398% to $4.3 million.... More