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TeleCommunication Systems Inc. Message Board

  • marty.chilberg marty.chilberg Aug 29, 2013 8:27 AM Flag

    CS2 order flow just started

    First order received from DISA under the CS2 contract for managed satcomm services to Marines. $12.8m funding for first year with four year renewal options to bring total ceiling value to $58.3m. This was the award that was initially awared to TCS and subsequently appealed. Nice to see the RFP was expedited and with this funding now secure.

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    • Just to satisfy my curiousity I ltook a quick scan of the press releases for each of the companies awarded prime large company status under CS2. There are 8 vendors in tota. 6 of the vendors do not appear to have received any funding orders:
      1) American Government Services
      2) Astrium
      3) DRS
      4) Hughes
      5) Intelsat
      6) Segovia

      Artel received one order announced Aug 26th for a total value of $23m if options are exercised
      TCS received one order announced Aug 26th for a total value of $58.3m if options are exercised.

      There are been numerous awards to small business, minority track and veteran owned prime contractors.

    • Whoopie, $3.2M per quarter of revenue when they need well over $100M per quarter to keep the lights on. those last 2 $90M quarters were NASTY.

      Why is the revenue collapsing Marty?
      You still don't have a clue, do you?

      Sentiment: Strong Sell

      • 1 Reply to bend_it_like_buffett
      • Pretty funny. The only one that appears clueless is you with your delusional attempts to create fear in your posts. I, and many others here, could easilty understand a short thesis given some of the trends we have seen with this company. However, you don't appear to know any of them and continue to post made up risks that are so weak they are almost as funny as your claims of profiting on your trades in the company.

        Any time you want to have a substantive discussion, I'd be happy to participate. Pick any reason why you believe "revenue is collapsing" and I'll promise to reply. Just to show you I'm serious I'll even start with some substance. How is can revenues be collapsing when the company has already announced new funded orders this quarter that are higher than any quarter since Q3 2011?

    • Definitely a good win but the appeal was costly. The original award was for $15.3m with total ceiling of $72.3m Appears they decided to cut their margin quite a bit to get this award.

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