LTRX - Dividend announcements

Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") announced today that on November 18, 2021, it entered into a purchase agreement with Buhl Investors LLC, a Minnesota limited liability company or its affiliated assignee ("Buyer") for the sale of the Company's headquarters building ("the building") located at 10900 Red Circle Drive, Minnetonka, MN for $6.8 million. The building currently includes the CSI's corporate administrative offices, as well as some operations of the Company's JDL Technologies and Ecessa businesses within its Services & Support operating segment. The building also supports business operations CSI is performing under the transition services agreement i

Records $13.5 million gain on sale of Electronics & Software business segment Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company"), which has operated as a global IoT intelligent edge products and IT managed services company, today announced consolidated financial results for the third quarter ("Q3") ended September 30, 2021. Management Comments for Q3 2021 Roger Lacey, CSI's Interim CEO and Chairman of the Board, commented, "During Q3 2021, we continued our positive trajectory of growing revenues and improving margins in our Services & Support business segment, after the loss of that segment's large educational customer. Our acquisitions of Ecessa in May of 2020 and IVDesk

Reporting strong growth and margin improvement Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company"), which has operated as a global IoT intelligent edge products and services company, today announced consolidated financial results for the second quarter ("Q2") ended June 30, 2021, including a discussion of results of operations by segment. Management Comments for Q2 2021 Roger Lacey, CSI's Interim CEO and Chairman of the Board, commented, "During Q2 2021 we continued to grow revenues and improving gross margins despite global supply chain disruptions resulting from the COVID-19 pandemic, which somewhat constrained our ability to receive inventory on time and affected our cu

Offering Includes Additional $25.0 Million in Investor Warrants Communications Systems, Inc. (NASDAQ:JCS) ("CSI" or the "Company") announced today that it has entered into an agreement with a group of institutional investors (the "PIPE Investors") to make a $25.0 million private placement investment in CSI in connection with the closing of the previously announced merger between CSI and Pineapple Energy, LLC ("Pineapple"). Proceeds of this investment will used primarily to fund Pineapple strategic initiatives. The closing of the financing is subject to approval of CSI's shareholders. Terms of PIPE Offering Under the terms of the securities purchase agreement, the PIPE Investors have agre

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 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 payment