Technical Communications Corporation Reports Results for the Fiscal Year Ended September 25, 2021
Technical Communications Corporation Reports Results for the Fiscal Year Ended September 25, 2021
CONCORD, Mass., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Technical Communications Corporation (NasdaqCM: TCCO) today announced its results for the fiscal year ended September 25, 2021. For the year ended September 25, 2021, the Company reported a net loss of $(1,088,000), or $(0.59) per share, on revenue of $1,866,000, compared to a net loss of $(911,000), or $(0.49) per share, on revenue of $4,108,000 for the year ended September 26, 2020.
亚洲网马萨诸塞州康科德12月13日电技术通信公司(纳斯达克市场代码：TCCO)今天宣布了截至2021年9月25日的财年业绩。在截至2021年9月25日的一年中，该公司报告净亏损1088,000美元，或每股亏损0.59美元，营收为1,866,000美元；而截至2020年9月26日的一年，营收为4,108,000美元，净亏损(911,000美元)，或每股亏损(0.49美元)。
Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, "For the fiscal year 2021, TCC continues to experience significant delays in the capture of new international business. Although we have experienced growth in the number of new opportunities, the procurement times have approximately doubled due to the many and diverse effects of the COVID pandemic. Customers are reluctant to have in-person meetings and performance demonstrations all of which are necessary to consummate sales. In response, TCC has developed an effective capability to support customers through video communications and there is evidence that progress is being made in closing on selected projects.
技术通信公司总裁兼首席执行官小卡尔·H·吉尔德(Carl H.Guild Jr.)评论说：“在2021财年，TCC在获取新的国际业务方面继续遭遇重大延误。尽管我们经历了新机会的数量增长，但由于COVID流行病的许多和不同的影响，采购时间大约翻了一番。客户不愿举行面对面的会议和绩效演示，所有这些都是完成销售所必需的。作为回应，TCC已经开发出通过视频通信支持客户的有效能力，有证据表明正在取得进展。
We expect that business recovery can occur in 2022 as the negative effects of the pandemic lessen, the demands for cyber security increase and TCC's customer customizable approach to data encryption security gains in popularity. During 2021, TCC completed the development of its new line of high-grade digital data encryptors and we expect to be conducting a variety of application demonstrations during the year. Our customers have responded well to TCC's concept of customer customized encryption security where they can participate in the development of the chosen solution."
我们预计，随着疫情的负面影响减轻，对网络安全的需求增加，以及TCC客户可定制的数据加密安全方法越来越受欢迎，业务有望在2022年恢复。在2021年，TCC完成了其新系列高级数字数据加密器的开发，我们预计将在年内进行各种应用演示。我们的客户对TCC的客户定制加密安全概念反应良好，他们可以参与所选解决方案的开发。“
About Technical Communications Corporation
关于技术通信公司
For over 50 years, TCC has specialized in superior-grade secure communications systems and customized solutions, supporting our CipherONE® best-in-class criteria, to protect highly sensitive voice, data and video transmitted over a wide range of networks. Government entities, military agencies and corporate enterprises in 115 countries have selected TCC's proven security to protect their communications. Learn more: www.tccsecure.com.
50多年来，TCC一直专注于高级安全通信系统和定制解决方案，支持我们的CipherONE®同类最佳标准，以保护通过各种网络传输的高度敏感的语音、数据和视频。115个国家的政府实体、军事机构和企业选择了TCC久经考验的安全性来保护他们的通信。了解更多信息：www.tccsecure.com。
Statements made in this press release or as may otherwise be incorporated by reference herein that are not purely historical constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include but are not limited to statements regarding anticipated operating results, future earnings, and the ability to achieve growth and profitability. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, including but not limited to the impact of the COVID-19 pandemic (including on customers) and governmental responses thereto; the effect of domestic and foreign political unrest; domestic and foreign government policies and economic conditions; changes in export laws or regulations; changes in technology; the ability to hire, retain and motivate technical, management and sales personnel; the risks associated with the technical feasibility and market acceptance of new products; changes in telecommunications protocols; the effects of changing costs, exchange rates and interest rates; and the Company's ability to secure adequate capital resources. Such risks, uncertainties and other factors could cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of the risks facing the Company, see the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended September 26, 2020 and its Quarterly Reports on Form 10-Q for the quarters ended December 26, 2020, March 27, 2021 and June 26, 2021 and the "Risk Factors" section included therein.
本新闻稿中所作的或以其他方式通过引用并入本新闻稿的陈述，并非纯粹历史性的陈述，属于1995年“私人证券诉讼改革法”所指的“前瞻性陈述”。前瞻性陈述包括但不限于有关预期经营业绩、未来收益以及实现增长和盈利能力的陈述。此类前瞻性表述涉及已知和未知的风险、不确定性和其他因素，包括但不限于新冠肺炎疫情(包括对客户)和政府应对措施的影响；国内外政治动荡的影响；国内外政府政策和经济状况的影响；出口法律或法规的变化；技术的变化；招聘、留住和激励技术、管理和销售人员的能力；与新产品的技术可行性和市场接受度相关的风险；电信协议的变化；成本、汇率和利率变化的影响；以及公司这些风险、不确定因素和其他因素可能导致公司的实际结果、业绩或成就，或行业结果，与此类前瞻性陈述明示或暗示的任何未来结果、业绩或成就大不相同。有关该公司面临的风险的更详细讨论，请参阅该公司提交给证券交易委员会的文件，包括截至2020年9月26日的财政年度的10-K表格年度报告、截至2020年12月26日、2021年3月27日和2021年6月26日的10-Q表格季度报告，以及其中的“风险因素”部分。
Technical Communications Corporation
技术通信公司
Condensed consolidated statements of operations
简明合并业务报表
| Year Ended | ||||
| 9/25/2021 | 9/26/2020 | |||
| (Unaudited) | (Unaudited) | |||
| Net revenue | $1,866,000 | $4,108,000 | ||
| Gross profit | 557,000 | 2,385,000 | ||
| S, G & A expense | 1,842,000 | 2,227,000 | ||
| Product development costs | 732,000 | 1,069,000 | ||
| Operating (loss) income | (2,017,000) | (911,000) | ||
| Grant income | 949,000 | - | ||
| Net (loss) income | (1,088,000) | (911,000) | ||
| Net (loss) income per share: | ||||
| Basic | $(0.59) | $(0.49) | ||
| Diluted | $(0.59) | $(0.49) | ||
| 年终 | ||||
| 9/25/2021 | 9/26/2020 | |||
| (未经审计) | (未经审计) | |||
| 净收入 | $1,866,000 | $4,108,000 | ||
| 毛利 | 557,000 | 2,385,000 | ||
| S，G&A费用 | 1,842,000 | 2,227,000 | ||
| 产品开发成本 | 732,000 | 1,069,000 | ||
| 营业(亏损)收入 | (2,017,000) | (911,000) | ||
| 赠款收入 | 949,000 | - | ||
| 净(亏损)收入 | (1,088,000) | (911,000) | ||
| 每股净(亏损)收益： | ||||
| 基本信息 | $(0.59) | $(0.49) | ||
| 稀释 | $(0.59) | $(0.49) | ||
Condensed consolidated balance sheets
压缩合并资产负债表
| 9/25/2021 | 9/26/2020 | |||
| (Unaudited) | (derived from audited | |||
| financial statements) | ||||
| Cash and cash equivalents | $298,000 | $1,514,000 | ||
| Accounts receivable - trade | 281,000 | 134,000 | ||
| Inventory | 1,157,000 | 902,000 | ||
| Other current assets | 170,000 | 153,000 | ||
| Total current assets | 1,906,000 | 2,703,000 | ||
| Property and equipment, net | 4,000 | 19,000 | ||
| Right-of-use asset | 407,000 | 559,000 | ||
| Total assets | $ 2,317,000 | $ 3,281,000 | ||
| Current operating lease liability | $158,000 | $152,000 | ||
| Deferred income | - | 474,000 | ||
| Note payable – short-term | 1,000,000 | - | ||
| Accounts payable | 106,000 | 66,000 | ||
| Customer deposits | 45,000 | 162,000 | ||
| Accrued expenses and other current liabilities | 265,000 | 406,000 | ||
| Total current liabilities | 1,574,000 | 1,360,000 | ||
| Long term operating lease liability | 248,000 | 407,000 | ||
| Notes payable | 150,000 | 150,000 | ||
| Total liabilities | 1,972,000 | 1,917,000 | ||
| Total stockholders' equity | 345,000 | 1,364,000 | ||
| Total liabilities and stockholders' equity | $ 2,317,000 | $ 3,281,000 | ||
| 9/25/2021 | 9/26/2020 | |||
| (未经审计) | (派生自经审计的 | |||
| 财务报表) | ||||
| 现金和现金等价物 | $298,000 | $1,514,000 | ||
| 应收账款-贸易 | 281,000 | 134,000 | ||
| 库存 | 1,157,000 | 902,000 | ||
| 其他流动资产 | 170,000 | 153,000 | ||
| 流动资产总额 | 1,906,000 | 2,703,000 | ||
| 财产和设备，净值 | 4,000 | 19,000 | ||
| 使用权资产 | 407,000 | 559,000 | ||
| 总资产 | $ 2,317,000 | $ 3,281,000 | ||
| 当期经营租赁负债 | $158,000 | $152,000 | ||
| 递延收入 | - | 474,000 | ||
| 应付票据-短期 | 1,000,000 | - | ||
| 应付帐款 | 106,000 | 66,000 | ||
| 客户存款 | 45,000 | 162,000 | ||
| 应计费用和其他流动负债 | 265,000 | 406,000 | ||
| 流动负债总额 | 1,574,000 | 1,360,000 | ||
| 长期经营租赁负债 | 248,000 | 407,000 | ||
| 应付票据 | 150,000 | 150,000 | ||
| 总负债 | 1,972,000 | 1,917,000 | ||
| 股东权益总额 | 345,000 | 1,364,000 | ||
| 总负债和股东权益 | $ 2,317,000 | $ 3,281,000 | ||
Michael P. Malone
Chief Financial Officer
(978) 287-5100
www.tccsecure.com
迈克尔·P·马龙
首席财务官
(978) 287-5100
Www.tccsecure.com