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.
亞洲網馬薩諸塞州康科德12月13日電技術通信公司(納斯達克市場代碼：TCCO)今天宣佈了截至2021年9月25日的財年業績。在截至2021年9月25日的一年中，該公司報告淨虧損1088,000美元，或每股虧損0.59美元，營收為1,866,000美元；而截至2020年9月26日的一年，營收為4,108,000美元，淨虧損(911,000美元)，或每股虧損(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.
技術通信公司總裁兼首席執行官小卡爾·H·吉爾德(Carl H.Guild Jr.)評論説：“在2021財年，TCC在獲取新的國際業務方面繼續遭遇重大延誤。儘管我們經歷了新機會的數量增長，但由於COVID流行病的許多和不同的影響，採購時間大約翻了一番。客户不願舉行面對面的會議和績效演示，所有這些都是完成銷售所必需的。作為迴應，TCC已經開發出通過視頻通信支持客户的有效能力，有證據表明正在取得進展。
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."
我們預計，隨着疫情的負面影響減輕，對網絡安全的需求增加，以及TCC客户可定製的數據加密安全方法越來越受歡迎，業務有望在2022年恢復。在2021年，TCC完成了其新系列高級數字數據加密器的開發，我們預計將在年內進行各種應用演示。我們的客户對TCC的客户定製加密安全概念反應良好，他們可以參與所選解決方案的開發。“
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 115 countries have selected TCC's proven security to protect their communications. Learn more: www.tccsecure.com.
50多年來，TCC一直專注於高級安全通信系統和定製解決方案，支持我們的CipherONE®同類最佳標準，以保護通過各種網絡傳輸的高度敏感的語音、數據和視頻。115個國家的政府實體、軍事機構和企業選擇了TCC久經考驗的安全性來保護他們的通信。瞭解更多信息：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.
本新聞稿中所作的或以其他方式通過引用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(包括對客户)和政府應對措施的影響；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；出口法律或法規的變化；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證券交易委員會的文件，包括截至2020年9月26日的財政年度的10-K表格年度報告、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
| 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) | ||
| 年終 | ||||
| 9/25/2021 | 9/26/2020 | |||
| (未經審計) | (未經審計) | |||
| 淨收入 | $1,866,000 | $4,108,000 | ||
| 毛利 | 557,000 | 2,385,000 | ||
| S，G&A費用 | 1,842,000 | 2,227,000 | ||
| 產品開發成本 | 732,000 | 1,069,000 | ||
| 營業(虧損)收入 | (2,017,000) | (911,000) | ||
| 贈款收入 | 949,000 | - | ||
| 淨(虧損)收入 | (1,088,000) | (911,000) | ||
| 每股淨(虧損)收益： | ||||
| 基本信息 | $(0.59) | $(0.49) | ||
| 稀釋 | $(0.59) | $(0.49) | ||
Condensed consolidated balance sheets
壓縮合並資產負債表
| 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 | |||
| (未經審計) | (派生自經審計的 | |||
| 財務報表) | ||||
| 現金和現金等價物 | $298,000 | $1,514,000 | ||
| 應收賬款-貿易 | 281,000 | 134,000 | ||
| 庫存 | 1,157,000 | 902,000 | ||
| 其他流動資產 | 170,000 | 153,000 | ||
| 流動資產總額 | 1,906,000 | 2,703,000 | ||
| 財產和設備，淨值 | 4,000 | 19,000 | ||
| 使用權資產 | 407,000 | 559,000 | ||
| 總資產 | $ 2,317,000 | $ 3,281,000 | ||
| 當期經營租賃負債 | $158,000 | $152,000 | ||
| 遞延收入 | - | 474,000 | ||
| 應付票據-短期 | 1,000,000 | - | ||
| 應付帳款 | 106,000 | 66,000 | ||
| 客户存款 | 45,000 | 162,000 | ||
| 應計費用和其他流動負債 | 265,000 | 406,000 | ||
| 流動負債總額 | 1,574,000 | 1,360,000 | ||
| 長期經營租賃負債 | 248,000 | 407,000 | ||
| 應付票據 | 150,000 | 150,000 | ||
| 總負債 | 1,972,000 | 1,917,000 | ||
| 股東權益總額 | 345,000 | 1,364,000 | ||
| 總負債和股東權益 | $ 2,317,000 | $ 3,281,000 | ||
Michael P. Malone
Chief Financial Officer
(978) 287-5100
www.tccsecure.com
邁克爾·P·馬龍
首席財務官
(978) 287-5100
Www.tccsecure.com