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TESSCO Technologies Announces Preliminary Q1 2022 Select Financial Results and Shares Expectations for Full-Year 2022 – Consumer Electronics Net
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TESSCO Technologies to Present at the Sidoti Virtual Microcap Conference on May 20, 2021 – Consumer Electronics Net
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TESSCO Reports Fourth-Quarter 2021 Financial Results – Consumer Electronics Net
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TESSCO Technologies Schedules Fourth-Quarter Fiscal 2021 Earnings Release and Conference Call – Consumer Electronics Net
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2 months ago
HUNT VALLEY, Md.–(BUSINESS WIRE)–
TESSCO TECHNOLOGIES INCORPORATED (NASDAQ: TESS) today reported financial results for its third quarter of fiscal 2021, ended December 27, 2020.
Third-Quarter Highlights
As a result of the sale of retail inventory and other assets (“Retail business assets”) to Voice Comm, LLC in the third quarter, and the Company’s corresponding exit from the Retail business, the Company is now presenting earnings both from continuing and discontinued operations. The income from discontinued operations in the third quarter of fiscal 2021 was primarily driven by the $3.0 million gain from the sale of the Retail business assets. The loss from continuing operations includes a $3.0 million expense related to the consent solicitation that concluded in December.