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Private company

TESSCO TECHNOLOGIES INC

TESSCO TECHNOLOGIES INC is an American wholesale-electronic parts and equipment company based in Hunt Valley.2

Last updated Oct 21, 2026.

Overview

$452.1MRevenue, fiscal 20233
-$4.3MNet income, fiscal 20233
  • IndustryWholesale-Electronic Parts & Equipment, NEC2
  • HeadquartersHunt Valley, United States2
  • Incorporated inDE4
  • Business address11126 Mccormick Road, Hunt Valley, Md 210314
  • Filer categoryNon-accelerated filer, Smaller reporting company4
  • Legal formCorporation2
  • LEI254900BNVQFBKCIOE4912
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 21105802

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

20.1%Gross margin3
-0.5%Operating margin3
-1.0%Net margin3
8.3%Revenue growth, 20233
-5.9%Return on equity3
-$27.7MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue79¢$361.0M
  • Selling, general and admin21¢$93.2M
  • Income tax0¢$5.8K

Out of $452.1M in revenue.3 The company lost money this year.

Financial statements

Revenue567893$452.1M in 2023−15% since 2016
0$200.0M$400.0M$600.0M2016: $530.7M$530.7M20162017: $533.3M$533.3M2017+0%2018: $580.3M$580.3M2018+9%2019: $419.0M$419.0M2019−28%2020: $409.0M$409.0M2020−2%2021: $373.3M$373.3M2021−9%2022: $417.5M$417.5M2022+12%2023: $452.1M$452.1M2023+8%
Gross profit567893$91.1M in 2023−19% since 2016
0$50.0M$100.0M$150.0M2016: $112.0M$112.0M20162017: $111.8M$111.8M2017−0%2018: $120.2M$120.2M2018+8%2019: $84.4M$84.4M2019−30%2020: $79.6M$79.6M2020−6%2021: $67.7M$67.7M2021−15%2022: $78.0M$78.0M2022+15%2023: $91.1M$91.1M2023+17%
Operating income567893-$2.1M in 2023
-$30.0M-$20.0M-$10.0M0$10.0M2016: $9.0M$9.0M20162017: $2.5M$2.5M2017−72%2018: $7.9M$7.9M2018+210%2019: -$10.9M-$10.9M20192020: -$22.0M-$22.0M2020+101%2021: -$17.8M-$17.8M2021−19%2022: -$3.5M-$3.5M2022−80%2023: -$2.1M-$2.1M2023−40%
Net income567893-$4.3M in 2023
-$30.0M-$20.0M-$10.0M0$10.0M2016: $5.3M$5.3M20162017: $1.4M$1.4M2017−73%2018: $5.2M$5.2M2018+260%2019: $5.5M$5.5M2019+7%2020: -$21.6M-$21.6M20202021: -$8.7M-$8.7M2021−59%2022: -$2.7M-$2.7M2022−69%2023: -$4.3M-$4.3M2023+61%
Fiscal year20162017201820192020202120222023
Revenue$530.7M5$533.3M6$580.3M7$419.0M8$409.0M9$373.3M3$417.5M3$452.1M3
Cost of revenue$418.7M5$421.5M5$460.0M7$334.6M8$329.4M9$305.6M3$339.5M3$361.0M3
Gross profit$112.0M5$111.8M6$120.2M7$84.4M8$79.6M9$67.7M3$78.0M3$91.1M3
Selling, general and admin$102.9M5$108.4M6$112.3M7$95.3M8$92.0M9$85.5M3$81.5M3$93.2M3
Operating income$9.0M5$2.5M6$7.9M7-$10.9M8-$22.0M9-$17.8M3-$3.5M3-$2.1M3
Income before tax-$4.4M3-$4.3M3
Income tax$3.5M5$1.0M6$2.3M7-$2.9M8-$7.5M9-$3.8M3-$1.1M3$5.8K3
Net income$5.3M5$1.4M6$5.2M7$5.5M8-$21.6M9-$8.7M3-$2.7M3-$4.3M3
Earnings per share$0.655$0.176$0.627$0.668-$2.539-$1.013-$0.303-$0.473
Earnings per share (diluted)$0.655$0.176$0.617$0.658-$2.539-$1.013-$0.303-$0.473
Shares (weighted, basic)8.9M shares39.2M shares3
Shares (weighted, diluted)8.9M shares39.2M shares3

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Corporate structure

TESSCO TECHNOLOGIES INC sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TESSCO TECHNOLOGIES INC

  • TESSCO TECHNOLOGIES INC Hunt Valley, Maryland, United States
    • TESSCO Incorporated Subsidiary · Hunt Valley, Maryland, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TESSCO TECHNOLOGIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$39.9M3 Mar 26, 2023$39.1M3 Mar 27, 2022+2.1%
Accumulated depreciation$29.5M3 Mar 26, 2023$28.3M3 Mar 27, 2022+4.2%
Property and equipment, net$10.5M3 Mar 26, 2023$10.8M3 Mar 27, 2022−3.4%
Operating-lease assets (leased space)$7.9M3 Mar 26, 2023$8.9M3 Mar 27, 2022−11.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$777.2K3 Mar 26, 2023$1.8M3 Mar 27, 2022−55.7%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$09 Mar 27, 2022$09 Mar 28, 2021
Intangible assets, net (excluding goodwill)$40.8M3 Mar 26, 2023$30.6M3 Mar 27, 2022+33.2%
Indefinite-lived intangibles (excluding goodwill)$795.4K3 Mar 26, 2023$795.4K3 Mar 27, 20220%
Finite-lived intangibles, net$35.3M3 Mar 26, 2023$23.1M9 Mar 27, 2022+52.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$73.4M3 Mar 26, 2023$55.9M3 Mar 27, 2022+31.1%

Leadership

Who has led TESSCO TECHNOLOGIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert B. Barnhill Jr.2006–2016
  2. Murray N. Wright2016–2019
  3. Sandip Mukerjee2019–2023

President

  1. Robert B. Barnhill Jr.2006–2016
  2. Murray N. Wright2016–2019
  3. Sandip Mukerjee2019–2023

Chief financial officer

  1. Aric Spitulnik2014–2023
2010201520202025
Board members and other officers (33)

Timeline

  1. Jul 18, 20238-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation49
  2. Jul 14, 20238-K Shareholder vote50
  3. Jul 13, 20238-K Other events51
  4. May 26, 20238-K Results of operations52
  5. Apr 12, 20238-K Entered a material agreement; Regulation FD disclosure53
  6. Mar 24, 20238-K Executive or director change54
  7. Feb 7, 20238-K Results of operations55
  8. Jan 25, 20238-K Results of operations56
  9. Dec 9, 20228-K Entered a material agreement57
  10. Oct 27, 20228-K Results of operations58
  11. Aug 1, 20228-K Shareholder vote59
  12. Jul 26, 20228-K Results of operations60
  13. Aug 22, 2019New chief executive Sandip Mukerjee becomes CEO15
  14. Sep 6, 2016New chief executive Murray N. Wright becomes CEO16
  15. May 8, 2006New chief executive Robert B. Barnhill Jr. becomes CEO17

Calendar

When it reported results

  1. May 26, 2023Reported quarterly or annual results52
  2. Feb 7, 2023Reported quarterly or annual results55
  3. Jan 25, 2023Reported quarterly or annual results56
  4. Oct 27, 2022Reported quarterly or annual results58
  5. Jul 26, 2022Reported quarterly or annual results60
  6. May 10, 2022Reported quarterly or annual results61
  7. Feb 3, 2022Reported quarterly or annual results62
  8. Oct 27, 2021Reported quarterly or annual results63

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

104 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 19 major events, 40 insider forms, 18 large holders, 19 other. The latest 20:

  1. Feb 1, 2024SC 13G/A TIETON CAPITAL MANAGEMENT 13G/A EDGAR
  2. Jul 27, 202315-12G EDGAR
  3. Jul 19, 20234 EDGAR
  4. Jul 19, 20234 EDGAR
  5. Jul 19, 20234 EDGAR
  6. Jul 19, 20234 EDGAR
  7. Jul 19, 20234 EDGAR
  8. Jul 19, 20234 EDGAR
  9. Jul 19, 20234 EDGAR
  10. Jul 19, 20234 EDGAR
  11. Jul 19, 20234 EDGAR
  12. Jul 19, 20234 EDGAR
  13. Jul 19, 2023S-8 POS EDGAR
  14. Jul 19, 2023S-8 POS EDGAR
  15. Jul 19, 2023S-8 POS EDGAR
  16. Jul 19, 2023S-8 POS EDGAR
  17. Jul 19, 2023S-8 POS EDGAR
  18. Jul 19, 2023S-8 POS EDGAR
  19. Jul 19, 2023S-8 POS EDGAR
  20. Jul 18, 20238-K EDGAR

The 104 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 2 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 25, 2023BARNHILL ROBERT B JR10% ownerSale25,598$8.76$224.2KForm 4
Apr 24, 2023BARNHILL ROBERT B JR10% ownerSale34,402$8.77$301.7KForm 4
Apr 12, 2023BARNHILL ROBERT B JR10% ownerSale15,000$8.77$131.6KForm 4
Apr 14, 2022BARNHILL ROBERT B JR10% ownerSale2,695$6.25$16.8KForm 4
Mar 8, 2022BARNHILL ROBERT B JR10% ownerSale2,305$6.25$14.4KForm 4
Dec 21, 2021BARNHILL ROBERT B JR10% ownerSale20,000$7.90$158.0KForm 4
Oct 29, 2021BRYAN J TIMOTHYDirectorBuy5,000$5.43$27.1KForm 4
Oct 28, 2021Levy Ari B.10% ownerBuy300,000$5.08$1.5MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TESSCO TECHNOLOGIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTESSCO TECHNOLOGIES INC1
  • CIK0000927355
  • Employer ID (EIN)52-07296571
  • Filer statusNon-accelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsMarch 261
  • Industry code (SIC)5065 Wholesale-Electronic Parts & Equipment, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address11126 Mccormick Road, Hunt Valley, MD 210311
  • Mailing address11126 Mccormick Road, Hunt Valley, MD 21210311
  • Phone41022910001
  • Shares outstanding9,265,643 as of Jun 1, 202314
  • Public float$36.9M as of Sep 25, 202314
  • On EDGAR sinceJun 13, 19961
  • Filings1,263 in all: 4 (573), 8-K (182), SC 13G/A (87), 10-Q (81), SC 13D/A (45), 3 (37), DEFA14A (37), SC 13G (37)1
    All 43 form types

    10-K (27), DEF 14A (27), UPLOAD (22), DFAN14A (19), CORRESP (12), ARS (11), SD (10), S-8 POS (7), S-8 (6), 10-K/A (5), 8-K/A (4), SC 13D (4), 10-Q/A (2), 144 (2), 4/A (2), DEFC14A (2), PREC14A (2), PRRN14A (2), SEC STAFF LETTER (2), 10-K405 (1), 144/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 5 (1), 8-A12B (1), 8-A12B/A (1), DEFM14A (1), DFRN14A (1), PRE 14A (1), PREM14A (1), PRER14A (1), SC TO-C (1), SC TO-I (1), SC TO-I/A (1)

  • Latest filingsAnnual report (10-K) May 26, 2023
    Quarterly report (10-Q) Feb 8, 2023
    Proxy statement (DEF 14A) Jun 17, 2022
    Latest 8-K (8-K) Jul 18, 2023

Sources

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