Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 24, 2022
Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 24, 2022
CONCORD, Mass., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB: TCCO) today announced its results for the fiscal quarter ended December 24, 2022. For the quarter ended December 24, 2022, the Company reported a net loss of $(849,000), or $(0.46) per share, on revenue of $122,000, compared to a net loss of $(613,000), or $(0.33) per share, on revenue of $423,000 for the quarter ended December 25, 2021.
馬薩諸塞州康科德，2023年2月3日(Global Newswire)--技術通信公司(OTCQB：TCCO)今天宣佈了截至2022年12月24日的財季業績。在截至2022年12月24日的季度，該公司報告淨虧損849,000美元，或每股虧損0.46美元，收入為122,000美元；而截至2021年12月25日的季度，淨虧損(613,000美元)，或每股虧損(0.33美元)，收入為423,000美元。
Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, "The impact of the COVID pandemic has not resolved and continues to have negative effects on the financial condition of the Company. We continue to work closely with our customers in order to be able to move quickly once they are in a position to place orders. TCC continues to closely monitor expenses and is actively pursuing additional sources of liquidity."
技術通信公司首席執行官兼首席執行官小卡爾·H·吉爾德表示：“新冠疫情的影響尚未消除，並將繼續對公司的財務狀況產生負面影響。我們將繼續與客户密切合作，以便在客户能夠下單時能夠迅速採取行動。技術通信公司將繼續密切監控支出，並積極尋求額外的流動性來源。”
About Technical Communications Corporation
關於技術通信公司
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 over 115 countries have selected TCC's proven security to protect their communications. Learn more: .
50多年來，天信一直專注於一流的安全通信系統和定製的解決方案，支持我們的®同類最佳標準，以保護在各種網絡上傳輸的高度敏感的語音、數據和視頻。115多個國家的政府實體、軍事機構和企業選擇了TCC久經考驗的安全措施來保護他們的通信。瞭解更多情況：.
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 24, 2022 and the "Risk Factors" section included therein.
本新聞稿中所作的或以其他方式併入本新聞稿的陳述，並非純粹歷史性的陳述，屬於1995年私人證券訴訟改革法所指的“前瞻性陳述”。前瞻性陳述包括但不限於有關預期經營業績、未來收益以及實現增長和盈利能力的陳述。此類前瞻性表述涉及已知和未知的風險、不確定性和其他因素，包括但不限於新冠肺炎疫情的影響(包括對客户的影響)和政府對此的反應；國內外政治動盪的影響；國內外政府政策和經濟狀況的影響；出口法律法規的變化；技術的變化；招聘、留住和激勵技術、管理和銷售人員的能力；與新產品的技術可行性和市場接受度相關的風險；電信協議的變化；成本、匯率和利率變化的影響；以及公司獲得充足資本資源的能力。這些風險、不確定因素和其他因素可能導致公司的實際結果、業績或成就，或行業結果，與此類前瞻性陳述明示或暗示的任何未來結果、業績或成就大不相同。有關該公司面臨的風險的更詳細討論，請參閲該公司提交給美國證券交易委員會的文件，包括其截至2022年9月24日的財政年度10-K表格的年度報告以及其中的“風險因素”部分。
Technical Communications Corporation
技術通信公司
Condensed consolidated statements of operations
簡明合併業務報表
| Quarter Ended | ||
| 12/24/2022 | 12/25/2021 | |
| (Unaudited) | (Unaudited) | |
| Net revenue | $ 122,000 | $ 423,000 |
| Gross profit (loss) | (27,000) | 67,000 |
| S, G & A expense | 484,000 | 562,000 |
| Product development costs | 277,000 | 101,000 |
| Operating loss | (788,000) | (596,000) |
| Interest expense | (61,000) | (16,000) |
| Net loss | (849,000) | (613,000) |
| Net loss per share: | ||
| Basic | $(0.46) | $(0.33) |
| Diluted | $(0.46) | $(0.33) |
| 截至的季度 | ||
| 12/24/2022 | 12/25/2021 | |
| (未經審計) | (未經審計) | |
| 淨收入 | $ 122,000 | $ 423,000 |
| 毛利(虧損) | (27,000) | 67,000 |
| S，G&A費用 | 484,000 | 562,000 |
| 產品開發成本 | 277,000 | 101,000 |
| 營業虧損 | (788,000) | (596,000) |
| 利息支出 | (61,000) | (16,000) |
| 淨虧損 | (849,000) | (613,000) |
| 每股淨虧損： | ||
| 基本信息 | $(0.46) | $(0.33) |
| 稀釋 | $(0.46) | $(0.33) |
Condensed consolidated balance sheets
簡明合併資產負債表
| 12/24/2022 | 9/24/2022 | |
| (Unaudited) | (derived from audited | |
| Financial statements) | ||
| Cash and cash equivalents | $ 59,000 | $ 7,000 |
| Accounts receivable - trade | - | 15,000 |
| Receivables - other | 498,000 | 516,000 |
| Inventory | 972,000 | 966,000 |
| Other current assets | 167,000 | 187,000 |
| Total current assets | 1,696,000 | 1,691,000 |
| Property and equipment, net | 10,000 | 11,000 |
| Right-of-use asset | 208,000 | 249,000 |
| Total assets | $ 1,914,000 | $ 1,951,000 |
| Current operating lease liability | $ 166,000 | $ 164,000 |
| Current portion of long-term debt | 3,728,000 | 3,002,000 |
| Accounts payable | 257,000 | 159,000 |
| Customer deposits | 7,000 | 4,000 |
| Accrued expenses and other current liabilities | 337,000 | 325,000 |
| Total current liabilities | 4,495,000 | 3,654,000 |
| Long term operating lease liability | 42,000 | 84,000 |
| Notes payable | 147,000 | 148,000 |
| Total liabilities | 4,684,000 | 3,886,000 |
| Total stockholders' deficit | (2,770,000 | (1,935,000 |
| Total liabilities and stockholders' deficit | $ 1,914,000 | $ 1,951,000 |
| 12/24/2022 | 9/24/2022 | |
| (未經審計) | (源自經審計 | |
| 財務報表) | ||
| 現金和現金等價物 | $ 59,000 | $ 7,000 |
| 應收賬款--貿易 | - | 15,000 |
| 應收賬款-其他 | 498,000 | 516,000 |
| 庫存 | 972,000 | 966,000 |
| 其他流動資產 | 167,000 | 187,000 |
| 流動資產總額 | 1,696,000 | 1,691,000 |
| 財產和設備，淨額 | 10,000 | 11,000 |
| 使用權資產 | 208,000 | 249,000 |
| 總資產 | $ 1,914,000 | $ 1,951,000 |
| 當期經營租賃負債 | $ 166,000 | $ 164,000 |
| 長期債務的當期部分 | 3,728,000 | 3,002,000 |
| 應付帳款 | 257,000 | 159,000 |
| 客户存款 | 7,000 | 4,000 |
| 應計費用和其他流動負債 | 337,000 | 325,000 |
| 流動負債總額 | 4,495,000 | 3,654,000 |
| 長期經營租賃負債 | 42,000 | 84,000 |
| 應付票據 | 147,000 | 148,000 |
| 總負債 | 4,684,000 | 3,886,000 |
| 股東總虧損額 | (2,770,000 | (1,935,000 |
| 總負債和股東赤字 | $ 1,914,000 | $ 1,951,000 |
| Technical Communications Corporation | Michael P. Malone |
| 100 Domino Drive | Chief Financial Officer |
| Concord, MA 01742 – 2892 | (978) 287-5100 |
| 技術通信公司 | 邁克爾·P·馬龍 |
| 多米諾大道100號 | 首席財務官 |
| 馬薩諸塞州康科德，01742-2892. | (978) 287-5100 |