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Communications Systems, Inc. Reports Second Quarter 2021 Financial Results

Communications Systems, Inc. Reports Second Quarter 2021 Financial Results
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Communications Systems Closes the Sale of its Transition Networks and Net2Edge Businesses to Lantronix – Consumer Electronics Net

Communications Systems Closes the Sale of its Transition Networks and Net2Edge Businesses to Lantronix – Consumer Electronics Net
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Communications Systems, Inc. Reports First Quarter 2021 Financial Results – Consumer Electronics Net

Communications Systems, Inc. Reports First Quarter 2021 Financial Results – Consumer Electronics Net
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Communications Systems to Sell its Transition Networks and Net2Edge Businesses for $25.0 Million Paid at Closing Plus up to an Additional $7.0 Million in Earnout Payments – Consumer Electronics Net

9 hours ago
Following closing, CSI intends to distribute $3.50 cash per share or approximately $35 million to its shareholders from the net sale proceeds and other available cash
MINNETONKA, Minn.–(BUSINESS WIRE)–
Communications Systems, Inc. (NASDAQ: JCS) (“CSI” or the “Company”), an IoT intelligent edge products and services company, today announced that it entered into a definitive securities purchase agreement (“Purchase Agreement”) with Lantronix, Inc. (Nasdaq: LTRX) (“Lantronix”), to sell the Company’s Transition Networks and Net2Edge businesses to Lantronix for a base price of $25.0 million to be paid at closing, subject to a working capital adjustment following the closing, plus up to an additional $7.0 million in earnout payments based on revenue milestones for the Transition Networks and Net2Edge businesses in the two 180-day periods after closing of the sale. ....

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Communications Systems, Inc. Reports 2020 Fourth Quarter and Year-End Financial Results – Consumer Electronics Net

Communications Systems, Inc. Reports 2020 Fourth Quarter and Year-End Financial Results – Consumer Electronics Net
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