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TESSCO Technologies Inc (TESS.OQ)

TESS.OQ on NASDAQ Stock Exchange Global Select Market

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8 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Tessco Technologies enters credit agreement to increase borrowing limit to up to $75 mln​
Monday, 23 Oct 2017 05:14pm EDT 

Oct 23 (Reuters) - Tessco Technologies Inc :Tessco Technologies - on Oct 19, co entered amended and restated credit agreement to increase co's borrowing limit from up to $35 million to up to $75 million​.  Full Article

Tessco Technologies Q2 earnings per share $0.21
Monday, 23 Oct 2017 04:35pm EDT 

Oct 23 (Reuters) - Tessco Technologies Inc :Tessco reports second-quarter 2018 financial results.Q2 earnings per share $0.21.Q2 revenue $145.1 million versus $134.6 million.Tessco Technologies Inc says ‍is not providing earnings guidance at this time for fiscal 2018​.  Full Article

Tessco Technologies ‍enters first amendment to credit agreement dated June 24, 2016​
Tuesday, 18 Jul 2017 05:08pm EDT 

July 18 (Reuters) - Tessco Technologies Inc :Tessco Technologies - ‍entered into a first amendment to credit agreement to amend select terms of credit agreement dated June 24, 2016​.Tessco Technologies Inc - ‍additional sum is equal to lesser of $10 million, and amount by which borrowing base exceeds $35 million​.Tessco Technologies - as per first amendment, term "availability" as used in credit agreement was amended for period of time ending no later than Oct 31.Tessco Technologies - "availability" term amended to allow for inclusion of additional sum when calculating "availability" for certain limited purposes.  Full Article

Tessco Technologies' Q1 earnings per share $0.08
Tuesday, 18 Jul 2017 04:20pm EDT 

July 18 (Reuters) - Tessco Technologies Inc :Tessco reports first quarter 2018 financial results.Q1 earnings per share $0.08.Q1 revenue $140 million versus $128.9 million.Company is not providing earnings guidance at this time for fiscal 2018..Tessco Technologies Inc - inventory increased by $8.1 million during Q1 to $72.1 million as of June 25, 2017.Tessco Technologies Inc - trade accounts receivable increased by $15.0 million during Q1 to $79.8 million.Currently evaluating line of credit facility to ensure its ability to continue to make appropriate investments in it business.Tessco Technologies Inc - "believes" long-term benefit from serving carrier customers more than offsets investments in cash required to support business.  Full Article

TESSCO TECHNOLOGIES ANNOUNCES EXCLUSIVE US DISTRIBUTION AGREEMENT WITH STRAX BRANDS
Friday, 12 May 2017 12:04pm EDT 

May 12 (Reuters) - Tessco Technologies Inc :TESSCO TECHNOLOGIES ANNOUNCES EXCLUSIVE US DISTRIBUTION AGREEMENT WITH STRAX BRANDS.AS PART OF AGREEMENT, CO WILL STOCK ACCESSORIES FROM STRAX PROPRIETARY, LICENSED BRANDS INCLUDING ADIDAS, BUGATTI, FLAVR,, URBANISTA.  Full Article

Tessco Technologies' Q4 loss per share $0.10
Monday, 8 May 2017 04:26pm EDT 

May 8 (Reuters) - Tessco Technologies Inc :Tessco reports fourth quarter and fiscal year 2017 financial results.Q4 loss per share $0.10.Q4 revenue $122.6 million versus $114.2 million.Company is not providing earnings guidance at this time for fiscal 2018.  Full Article

Tessco board names Murray Wright as CEO
Thursday, 1 Sep 2016 08:30am EDT 

Tessco Technologies Inc : Tessco board names Murray Wright as new ceo; Robert Barnhill becomes executive chairman . Robert b. Barnhill, JR. will continue to serve as chairman of Tessco's board .Appointed Murray Wright as president and chief executive officer; Wright was also elected to Tessco's board of directors.  Full Article

TESSCO Technologies Q1 revenue $128.9 million
Thursday, 21 Jul 2016 04:01pm EDT 

TESSCO Technologies Inc : TESSCO Technologies reports first quarter 2017 financial results . Says expects both revenue and earnings to increase sequentially for Q2 of fiscal 2017 compared with q1 of fiscal 2017 . Says not providing earnings guidance at this time for fiscal 2017 due to uncertainty that persists, primarily in carrier market . Q2 earnings per share view $0.18, revenue view $114.2 million -- Thomson Reuters I/B/E/S . Q1 earnings per share $0.01 . Q1 revenue $128.9 million versus $134.7 million .Reaffirms quarterly dividend of $0.20 per share.  Full Article

Tessco Technologies enters into a credit pact
Wednesday, 29 Jun 2016 05:19pm EDT 

Tessco Technologies Inc : On June 24, 2016, Tessco Technologies Incorporated entered into a credit agreement . Credit agreement provides for senior asset based revolving credit facility of upto $35 million which matures in 5 yrs, on June 24, 2021 .Credit facility includes $5.0 million sublimit for issuance of standby letters of credit, $10.0 million sublimit for swingline loans.  Full Article

Tessco Q4 loss per share $0.24
Monday, 9 May 2016 04:15pm EDT 

Tessco Reports Fiscal Year And Fourth : Tessco Technologies inc says expects both revenue and earnings to increase sequentially for q1 of fiscal 2017 as compared to q4 of fiscal 2016 . Not providing earnings guidance at this time for fiscal 2017 due to uncertainty that persists primarily in carrier market . Quarter 2016 financial results . Q4 loss per share $0.24 .Q4 revenue $114.2 million versus $113 million.  Full Article

BRIEF-Tessco Technologies enters credit agreement to increase borrowing limit to up to $75 mln​

* Tessco Technologies - on Oct 19, co entered amended and restated credit agreement to increase co's borrowing limit from up to $35 million to up to $75 million​ Source text: (http://bit.ly/2yI9jvq) Further company coverage: