TESS - TESSCO Technologies GAAP EPS of $0.05 beats by $0.21 revenue of $114.9M beats by $0.33M

• TESSCO Technologies press release ( NASDAQ: TESS ): Q3 GAAP EPS of $0.05 beats by $0.21 .
• Revenue of $114.9M (+12.1% Y/Y) beats by $0.33M .
• Carrier segment revenues of $48.6 million, up 12.0% year over year
• Commercial segment revenues of $66.3 million, up 12.2% year over year
• Sales backlog of $84 million, compared to $98 million at end of second quarter, reduction resulting from supply chain improvements
• Third-quarter net income of $0.4 million, compared with net income of $1.2 million in third quarter of fiscal year 2022, which included favorable tax benefit of $1.1 million
• Adjusted EBITDA of $1.8 million, compared with Adjusted EBITDA of $1.0 million in third quarter of fiscal year 2022

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