TSYS TeleCommunication Systems, Inc. featured news, full reports, and detailed charts
TeleCommunication Systems, Inc. (TSYS) Wrap Up:
TeleCommunication Systems, Inc. develops and applies highly reliable wireless data communications technology, with emphasis on text messaging, location-based services including enhanced 9-1-1 (E9-1-1) for wireless carriers and Voice over Internet Protocol (VoIP) service providers, and secure satellite-based communication solutions for government customers. We are a Maryland corporation founded in 1987 with our headquarters located at 275 West Street, Annapolis, Maryland 21401. Our Web address is www.telecomsys.com. The information contained on our Web site does not constitute part of this Annual Report on Form 10-K. All of our filings with the Securities and Exchange Commission are available through a link on our website. The terms “TCS”, “we”, “us” and “our” as used in this Annual Report on Form 10-K refer to TeleCommunication Systems, Inc. and its subsidiaries as a combined entity, except where it is made clear that such terms mean only TeleCommunication Systems, Inc. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f05%2f0000950133-08-000957.html#FIS_BUSINESS"www.telecomsys.com
573 Employees
Founded in 1987
TeleCommunication Systems Inc. (TSYS:NASDAQ)
LAST $8.50 USD
CHANGE TODAY -0.05 -0.58%
VOLUME 161.6K
As of 11:43 AM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of TeleCommunication Systems Inc. (TSYS)
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OPEN
$8.50
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PREVIOUS CLOSE
$8.55
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DAY HIGH
$8.64
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DAY LOW
$8.43
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52 WEEK HIGH
04/30/09 - $10.50
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52 WEEK LOW
11/21/08 - $5.90
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MARKET CAP
405.8M
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AVERAGE VOLUME 3 mo
1.3M
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DILUTED EPS TTM
$1.10
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SHARES OUTSTANDING
47.7M
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TSYS Does Not Pay Dividends
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P/E TTM
7.7x
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related news
TSYS: Initiated - JAGNote by Oppenheimer & Co. Inc.
JAG Media - 11/18/2009 8:40 AM ET
TeleCommunication Systems closes note offering
AP Digital - 11/16/2009 4:50 PM ET
TeleCommunication Systems buys Sidereal Solutions
AP Digital - 11/16/2009 4:01 PM ET
Cohen names bipartisan transition team: Mayoral opponent Cardle to lead public safety committee [The Baltimore Sun]
Knight Ridder/Tribune - 11/15/2009 5:28 AM ET
TSYS Top Compensated Officers
Mr. Maurice B. Tos
Founder, Executive Chairman, Chief Executive ...
Age: 52
Total Annual Compensation: $475.8K
Mr. Thomas M. Brandt Jr.
Chief Financial Officer, Senior Vice Presiden...
Age: 57
Total Annual Compensation: $298.0K
Mr. Richard A. Young
Chief Operating Officer, Executive Vice Presi...
Age: 63
Total Annual Compensation: $342.2K
Mr. Drew A. Morin
Chief Technical Officer and Senior Vice Presi...
Age: 49
Total Annual Compensation: $292.9K
Mr. Timothy J. Lorello
Chief Marketing Officer, Head of Commercial S...
Age: 52
Total Annual Compensation: $260.7K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for TeleCommunication Systems Inc. (TSYS)
TeleCommunication Systems Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009
10/29/2009
TeleCommunication Systems Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenue of $71.6 million, an increase of 27% from $56.5 million in the third quarter of 2008. EBITDA (Earnings before interest, taxes, depreciation and amortization, including non-cash stock-based compensation) from continuing operations for the quarter was $13.3 million or $0.25 per diluted share, up 125% from $5.9 million or $0.12 per diluted share, in the same year ago quarter. Pre-tax income was $9 million or $0.17 per diluted share, an increase of 210% from $2.9 million or $0.06 per diluted share in the third quarter of 2008. Net income after a 39% tax provision was $5.4 million or $0.10 per diluted share, up 97% from $2.8 million or $0.06 per diluted share in the same year ago quarter. Income from operations was $9.3 million or $0.18 per diluted share against $2.9 million or $0.06 per diluted share for the same period a year ago. For the nine months, the company reported income from operations of $28,356,000, income before income taxes of $27,825,000 and net income of $16,884,000 or $0.33 per diluted share on total revenue of $209,246,000 against income from operations of $20,666,000, income before income taxes of $19,654,000 and net income of $19,340,000 or $0.42 per diluted share on total revenue of $140,855,000 for the same period a year ago.
TeleCommunication Systems Inc. Appoints Maurice B. Tose as FCC Communications Security, Reliability and Interoperability Council
10/29/2009
TeleCommunication Systems Inc. announced that Maurice B. Tose has been selected to serve on the Federal Communications Commission's Communications Security, Reliability and Interoperability Council. As a member of the CSRIC, he joins a prestigious group of communications industry leaders who will provide recommendations to the Commission regarding best practices and actions to ensure optimal security, reliability and interoperability of communications systems, including public safety, telecommunications and media communications.
TeleCommunication Systems Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
10/29/2009
TeleCommunication Systems Inc. expected to Report Fiscal Year 2009 Results on February 1, 2010. This event was calculated by Capital IQ (Created on October 29, 2009).
TSYS Competitors
| Company | Last | Change |
| Bottomline Technologies Inc | $15.57 USD | -0.32 |
| EMS Technologies Inc | $13.20 USD | +0.04 |
| Openwave Systems Inc | $2.43 USD | 0.00 |
| S1 Corporation | $6.28 USD | +0.16 |
| Tyler Technologies Inc | $20.18 USD | -0.15 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | TSYS | Industry Range |
| Price/Earnings | 7.9x |
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| Price/Sales | 1.4x |
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| Price/Book | 2.8x |
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| Price/Cash Flow | 6.8x |
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| TEV/Sales | 1.1x |
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TSYS |
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TSYS transactions
| Type Date |
Target |
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Merger/Acquisition
November 16, 2009 |
Sidereal Solutions Incorporated |
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Private Placement
November 9, 2009 |
-- |
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Merger/Acquisition
November 2, 2009 |
Solvern Innovations, Inc. |
More Recent News About TeleCommunication Systems, Inc.
More news for TSYS
TeleCommunication Systems, Inc. Prices Offering of $90 Million of 4.5% Convertible Senior Notes
ANNAPOLIS, MD--(Marketwire - 11/11/09) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News) today announced the pricing of its offering of $90 million aggregate principal amount of 4.5% convertible senior notes due 2014. The offering is expected to close on or about November 16, 2009, subject to the satisfaction of various customary closing conditions. TCS has also granted the initial purchasers of the notes the right to purchase up to an additional $13.5 million aggregate principal amount of notes solely to cover over-allotments. The notes will be convertible into shares of TCS's Class A common stock based on an initial conversion rate for the notes of 96.637 shares of TCS's Class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $10.35 per share of Class A common stock. While this represents an approximately 30% conversion premium over today's closing price of TCS's Class A common stock of $7.96 per share, the effect of the call spread described below will be to increase the effective conversion premium of the notes to 60% above today's closing price, or to $12.74 per share.Interest on the notes will be payable semiannually on November 1 and May 1 of each year, beginning May 1, 2010. The notes will mature on November 1, 2014, unless previously converted in accordance with their terms. The notes will be TCS's senior unsecured obligations and will rank equally with all of its present and future senior unsecured debt and senior to any future subordinat...Click here to read the whole Article (external link)
TELECOMMUNICATION SYSTEMS INC /FA/ Files SEC form 8-K, Regulation FD Disclosure
Show all filings for TELECOMMUNICATION SYSTEMS INC /FA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for TELECOMMUNICATION SYSTEMS INC /FA/ 9-Nov-2009Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational...Click here to read the whole Article (external link)
Telecommunication Systems, Inc. Announces Proposed Offering of $90 Million of Convertible Senior Notes
ANNAPOLIS, MD--(Marketwire - 11/09/09) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News) today announced its intention to commence an offering, subject to market conditions and other factors, of $90 million aggregate principal amount of convertible senior notes. TCS also expects to grant the initial purchasers a 30-day over-allotment option to purchase up to an additional $13.5 million aggregate principal amount of notes. The notes will be due in 2014 and are to be offered and sold to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The notes will be convertible into shares of TCS's Class A common stock based on a conversion rate to be determined. The interest rate, conversion price and other terms of the notes will be determined at the time of pricing of the offering. The notes will be TCS's senior unsecured obligations and will rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debt. The notes will be structurally subordinate to all present and future debt and other obligations of TCS's subsidiaries. In addition, the notes will be effectively subordinate to all of TCS's present and future secured debt to the extent of the collateral securing that debt. TCS intends to use a portion of the net proceeds of the offering to pay TCS's cost of the convertible note hedge transactions described below, taking into account the proceeds to TCS of the warrant transactions described below, and to use the balance of the net proceeds ...Click here to read the whole Article (external link)
TeleCommunication Systems Acquires Sidereal Solutions
ANNAPOLIS, MD--(Marketwire - 11/16/09) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News), a leading provider of mission-critical wireless communications, today announced the acquisition of substantially all of the assets of privately-held Sidereal Solutions, Inc. (Sidereal), a satellite communications technology engineering, operations and maintenance support services company. Consideration for the purchase was cash, approximately 244,000 shares of TCS Class A common stock, and contingent consideration based on the business' gross profit in 2010 and 2011. Sidereal has been a business partner of TCS' government solutions group since 2007, providing field service support for satellite communications and network engineering, technical writing and training, and other information technology services in support of TCS' Swiftlink� line of deployable systems. Based in the Metro Atlanta area, Sidereal's more than forty professionals comprise personnel from all four U.S. Military service components with expertise in the logistics support of military operations for tactical communications, supporting multiple system designs in addition to Swiftlink.Post-acquisition operations will be reported as part of the TCS government segment's services category. Sidereal has grown rapidly, with an expected fourth quarter annualized revenue run rate of about $6 million per quarter, and expected EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) of about 17% of revenue. The acquisition is expected to be immediately a...Click here to read the whole Article (external link)
TELECOMMUNICATION SYSTEMS INC /FA/ Files SEC form 8-K, Regulation FD Disclosure
Show all filings for TELECOMMUNICATION SYSTEMS INC /FA/ | Request a Trial to NEW EDGAR Online Pro Form 8-K for TELECOMMUNICATION SYSTEMS INC /FA/ 12-Nov-2009Regulation FD Disclosure Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informatio...Click here to read the whole Article (external link)
TeleCommunication Systems buys Sidereal Solutions
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
TeleCommunication Systems Completes Offering of $103.5 Million of 4.5% Convertible Senior Notes
ANNAPOLIS, MD--(Marketwire - 11/16/09) - TeleCommunication Systems, Inc. (TCS) (NASDAQ:TSYS - News) closed its offering of $103.5 million aggregate principal amount of 4.5% convertible senior notes due in 2014. The aggregate principal amount of the notes issued reflects the full exercise of the $13.5 million over-allotment option granted to the initial purchasers with respect to the notes. The net proceeds to TCS from the offering, after deducting the initial purchasers' commissions and estimated fees and expenses of the offering payable by TCS, were approximately $100.4 million. TCS intends to use the net proceeds of the offering and warrant transactions discussed below for general corporate purposes, including working capital, and may include the acquisition or investment in businesses, products and technologies that are complementary to its own. TCS used a portion of the gross proceeds of the offering to pay TCS's cost of the convertible note hedge transactions that it entered into with certain counterparties.The notes will be convertible into shares of TCS's Class A common stock based on an initial conversion rate for the notes of 96.637 shares of TCS's Class A common stock per $1,000 principal amount of notes, which is equivalent to an initial conversion price of approximately $10.35 per share of Class A common stock. While this represents a conversion premium of approximately 30% over the closing price of TCS's Class A common stock on November 10, 2009 of $7.96 per share, the effect of the call spread described below increa...Click here to read the whole Article (external link)
TeleCommunication Systems acquires Sidereal Solutions
ONLINE: home | business news | small business | sales & marketing | real estate | events | community | careers | city guide | advertise | about us | rss PRINT: subscribe | renew | advertise | book of lists | business intelligence | classifieds | ...Click here to read the whole Article (external link)
TELECOMMUNICATION SYSTEMS INC /FA/ Files SEC form 8-K, Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement. On November 10, 2009, TeleCommunication Systems, Inc. (the "Company") entered into a purchase agreement (the "Purchase Agreement") under which it agreed to sell $103.5 million aggregate principal amount of its 4.5% Convertible Senior Notes due 2014 (the "Notes") to the initial purchasers named therein (the "Initial Purchasers"). The aggregate principal amount of the notes issued reflects the full exercise of the $13.5 million over-allotment option granted to the Initial Purchasers with respect to the Notes. The Purchase Agreement contains customary representations, warranties and covenants. Under the terms of the Purchase Agreement, the Company has agreed to indemnify the Initial Purchasers against certain liabilities. A copy of the Purchase Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference. The closing of the sale of the Notes occurred on November 16, 2009. The Notes were issued pursuant to an indenture, dated as of November 16, 2009 (the "Indenture"), between the Company and The Bank of New York Mellon Trust Company, N.A., as trustee (the "Trustee"). The Notes bear interest at a rate of 4.5% per year, payable semiannually in arrears in cash on November 1st and May 1st of each year, beginning on May 1, 2010. Holders may convert the Notes at their option on any day prior to the close of business on the second "scheduled trading day" (as defined in the Indenture) immediately preceding November 1, 2014. The conversion rate will initially be 96.637 shares of Class A common stock per $1,000 principal amount of Notes, equivalent to an initial conversion price of approximately $10.348 per share of Class A common stock. While this represents an approximately 30% conversion premium over the closing price of the Company's Class A common stock on November 10, 2009 of $7.96 per share, the effect of the convertible note hedge and warrant trans...Click here to read the whole Article (external link)
TeleCommunication Systems closes note offering
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
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