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telecommunication systems-a (TC9) Snapshot

Open
€2.83
Previous Close
€2.84
Day High
€2.83
Day Low
€2.81
52 Week High
02/18/15 - €2.90
52 Week Low
03/17/14 - €1.40
Market Cap
172.8M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
54.8M
EX-Date
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P/E TM
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Dividend
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Current Stock Chart for TELECOMMUNICATION SYSTEMS-A (TC9)

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telecommunication systems-a (TC9) Details

TeleCommunication Systems, Inc. develops and delivers wireless communication technology in the United States, Europe, Latin America, Africa, and Asia. The company operates in two segments, Government and Commercial. The Government segment designs, furnishes, installs, and operates wireless communication systems and components, including its SwiftLink deployable systems that integrate high speed, satellite, and Internet protocol technology with federal Government-approved cryptologic devices. It also owns and operates satellite teleport facilities; resells access to satellite airtime; and provide professional services, such as field support of its systems and cyber security training to the U.S. Department of Defense and other government and foreign customers. In addition, this segment offers engineering and electronics solutions for the space and defense markets. The Commercial segment enables 9-1-1 call routing through cellular, voice over Internet protocol, and next generation technology. It also provides hosted and managed services, including cellular carrier infrastructure for text messaging, and location-based platforms and applications, such as turn-by-turn navigation. This segment serves wireless carrier network operators, voice over Internet protocol service providers, state and local governments, wireless device manufacturers, and automotive industry suppliers. The company’s customers use its mobile cloud software functionality through connections to and from network operations centers. It sells its products and services through direct sales force and indirect channels, as well as through relationships with original equipment manufacturers. TeleCommunication Systems, Inc. was founded in 1987 and is headquartered in Annapolis, Maryland.

Founded in 1987

telecommunication systems-a (TC9) Top Compensated Officers

Founder, Executive Chairman, Chief Executive ...
Total Annual Compensation: $638.8K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $355.3K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $408.5K
Chief Technical Officer and Senior Vice Presi...
Total Annual Compensation: $349.3K
Chief Marketing Officer and Senior Vice Presi...
Total Annual Compensation: $313.9K
Compensation as of Fiscal Year 2013.

telecommunication systems-a (TC9) Key Developments

TeleCommunication Systems Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

TeleCommunication Systems Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s revenue was $93.3 million, up 19% from the fourth quarter of 2013 of $78.6 million. Adjusted EBITDA of $9.9 million (earnings before interest, taxes, depreciation, amortization, and amortization of non-cash stock-based compensation) was up 14% from $8.8 million in the year-ago quarter, this was the company's third consecutive quarter of EBITDA improvement. Adjusted net income was $3.6 million or $0.06 per diluted share, an improvement of $2.3 million or $0.04 from the fourth quarter of 2013's $1.3 million and $0.02 per diluted share. GAAP net loss per diluted share was $0.01 compared to $0.95 in the year-ago quarter. GAAP net loss for Fourth Quarter 2013 included a $32 million pre-tax, non-cash impairment charge to write down the Platforms and Applications reporting unit's goodwill and other intangibles, and $21.2 million non-cash income tax charge to establish a valuation allowance on deferred tax assets. Adjusted EBITDA was $9.93 million compared to $8.8 million a year ago. Income from operations was $3.8 million compared to loss from operations of $32.0 million a year ago. Net loss was $0.43 million against $55.74 million a year ago. For the quarter, the company reported cash was used for $3.8 million of capital expenditures including software development. For the year, the company’s revenue was $359.9 million against $362.3 million a year ago. Adjusted EBITDA was $36.4 million, up from $36 million in 2013. Adjusted net income was $0.20 per diluted share, up from $0.09 per diluted share in 2013. GAAP net loss was $0.03 per diluted share compared to $1.00 per diluted share in 2013. Adjusted EBITDA was $36.40 million compared to $36.00 million a year ago. Income from operations was $11.9 million compared to loss from operations of $29.92 million a year ago. Net loss was $1.81 million against $58.60 million a year ago. For the year, the company spent $9 million less on CapEx in 2014 than 2013 so that its operating cash flow expressed as adjusted EBITDA minus CapEx was $26 million, which is $9 million better than 2013. For the year 2015, the company expects total company revenue of $390 million to $410 million versus $14.4 million, with the most significant growth in Government systems for the reasons Maurice described. The company is guiding to 2015 adjusted EBITDA of between $38 million and $42 million versus 2014's $36.4 million or 10% growth at the midpoint of the range. The company expects EBITDA to have second half seasonality, similar to what the company experienced in the past. The company has budgeted 2015 capital expenditures, including capitalized software development at $15 million to $17 million, up from 2010 -2014's $10 million. The company is using a 55% effective rate on expected 2015 pretax income, which is mostly a noncash tax provision. The company expects that adjusted net income for 2015 will be in the $14 million to $17 million range or $0.23 to $0.28 per diluted share using 61 million shares, the midpoint of which is 22% higher than 2014's $0.20.

TSYS Extends its Existing Card-Processing Agreement with Banco CSF S.A. Through 2024

TSYS announced that it has extended its existing card-processing agreement with Banco CSF S.A. through 2024. TSYS supports Carrefour's 12 million hybrid and private-label cards in circulation in Brazil on its TS Prime processing solution. The Carrefour portfolio has grown 64% since the Carrefour and TSYS card program began in 2012. TSYS will continue to support Banco CSFâ s growing business through its in-country operating infrastructure utilizing its local teams based in Campinas for technical, delivery and business expertise, while leveraging its global footprint in technology, servicing and product capabilities.

TeleCommunication Systems Inc. to Report Q4, 2014 Results on Feb 05, 2015

TeleCommunication Systems Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 05, 2015

 

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Price/Book 1.7x
Price/Cash Flow 12.7x
TEV/Sales 0.0x
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