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Tessco sees Q3 revenue $113M-$115M, one estimate $114.6M
The Fly

Tessco sees Q3 revenue $113M-$115M, one estimate $114.6M

"In early January we launched our new ERP system, which we expect to provide us with considerable operational efficiency over our legacy systems," said Sandip Mukerjee, TESSCO’s CEO. "We look forward to providing greater detail regarding our initial success with this new system on our upcoming earnings conference call. In the third quarter, we continued our strong track record of performance and expect to report revenues in the range of $113 to $115 million, with net income and Adjusted EBITDA* in the ranges of $0.3 million to $0.4 million and $1.7 million to $1.8 million, respectively. These results should position us very well to achieve all three elements of the fiscal year earnings guidance we previously announced."

Published first on TheFly

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