Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 25, 2021
Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 25, 2021
CONCORD, Mass., Feb. 04, 2022 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB: TCCO) today announced its results for the fiscal quarter ended December 25, 2021. For the quarter ended December 25, 2021, the Company reported a net loss of $(613,000), or $(0.33) per share, on revenue of $423,000, compared to a net loss of $(342,000), or $(0.19) per share, on revenue of $167,000 for the quarter ended December 26, 2020.
亞洲網馬薩諸塞州康科德2月4日電技術通信公司(場外交易市場代碼：TCCO)今天公佈了截至2021年12月25日的會計季度業績。在截至2021年12月25日的季度，該公司報告淨虧損613,000美元，或每股虧損0.33美元，營收為423,000美元；而截至2020年12月26日的季度，淨虧損(342,000美元)，或每股虧損(0.19美元)，營收為167,000美元。
Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, "As TCC has reported previously, the international COVID impact has significantly delayed progress in capturing several new business opportunities we have had in process. Notwithstanding, we are now beginning to see, in certain program areas, a resumption of the communications and field testing necessary to complete the procurement processes. We expect that this recovery trend will continue and positively affect other program opportunities and allow us to begin recovery in the near future."
技術通信公司總裁兼首席執行官卡爾·H·吉爾德(Carl H.Guild Jr.)評論説：“正如TCC以前報告的那樣，國際COVID的影響大大推遲了我們在捕捉幾個正在進行的新業務機會方面的進展。儘管如此，我們現在開始看到，在某些項目領域，完成採購過程所需的通信和實地測試正在恢復。我們預計，這種復甦趨勢將繼續下去，並對其他項目機會產生積極影響，使我們能夠在不久的將來開始復甦。”
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，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久經考驗的安全性來保護他們的通信。瞭解更多信息：。
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 25, 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2021年9月25日的10-K表格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 | ||||||
| 12/25/2021 | 12/26/2020 | |||||
| (Unaudited) | (Unaudited) | |||||
| Net revenue | $ | 423,000 | $ | 167,000 | ||
| Gross profit | 67,000 | 123,000 | ||||
| S, G & A expense | 562,000 | 545,000 | ||||
| Product development costs | 101,000 | 392,000 | ||||
| Operating loss | (596,000 | ) | (814,000 | ) | ||
| Other income, net | (16,000 | ) | 472,000 | |||
| Net loss | (613,000 | ) | (342,000 | ) | ||
| Net loss per share: | ||||||
| Basic | $ | (0.33 | ) | $ | (0.19 | ) |
| Diluted | $ | (0.33 | ) | $ | (0.19 | ) |
| 截至的季度 | ||||||
| 12/25/2021 | 12/26/2020 | |||||
| (未經審計) | (未經審計) | |||||
| 淨收入 | $ | 423,000 | $ | 167,000 | ||
| 毛利 | 67,000 | 123,000 | ||||
| S，G&A費用 | 562,000 | 545,000 | ||||
| 產品開發成本 | 101,000 | 392,000 | ||||
| 營業虧損 | (596,000 | ) | (814,000 | ) | ||
| 其他收入，淨額 | (16,000 | ) | 472,000 | |||
| 淨損失 | (613,000 | ) | (342,000 | ) | ||
| 每股淨虧損： | ||||||
| 基本信息 | $ | (0.33 | ) | $ | (0.19 | ) |
| 稀釋 | $ | (0.33 | ) | $ | (0.19 | ) |
Condensed consolidated balance sheets
壓縮合並資產負債表
| 12/25/2021 | 9/25/2021 | ||||
| (Unaudited) | (derived from audited | ||||
| Financial statements) | |||||
| Cash and cash equivalents | $ | 57,000 | $ | 298,000 | |
| Accounts receivable - trade | 127,000 | 281,000 | |||
| Inventory | 1,127,000 | 1,157,000 | |||
| Other current assets | 148,000 | 170,000 | |||
| Total current assets | 1,460,000 | 1,906,000 | |||
| Property and equipment, net | 3,000 | 4,000 | |||
| Right-of-use asset | 368,000 | 407,000 | |||
| Total assets | $ | 1,831,000 | $ | 2,317,000 | |
| Current operating lease liability | $ | 160,000 | $ | 158,000 | |
| Current portion of long-term debt | 1,151,000 | 1,000,000 | |||
| Accounts payable | 182,000 | 106,000 | |||
| Customer deposits | 4,000 | 45,000 | |||
| Accrued expenses and other current liabilities | 233,000 | 265,000 | |||
| Total current liabilities | 1,730,000 | 1,574,000 | |||
| Long term operating lease liability | 208,000 | 248,000 | |||
| Notes payable | 149,000 | 150,000 | |||
| Total liabilities | 2,087,000 | 1,972,000 | |||
| Total stockholders' equity (deficit) | (256,000 | ) | 345,000 | ||
| Total liabilities and stockholders' equity | $ | 1,831,000 | $ | 2,317,000 | |
| 12/25/2021 | 9/25/2021 | ||||
| (未經審計) | (派生自經審計的 | ||||
| 財務報表) | |||||
| 現金和現金等價物 | $ | 57,000 | $ | 298,000 | |
| 應收賬款-貿易 | 127,000 | 281,000 | |||
| 庫存 | 1,127,000 | 1,157,000 | |||
| 其他流動資產 | 148,000 | 170,000 | |||
| 流動資產總額 | 1,460,000 | 1,906,000 | |||
| 財產和設備，淨值 | 3,000 | 4,000 | |||
| 使用權資產 | 368,000 | 407,000 | |||
| 總資產 | $ | 1,831,000 | $ | 2,317,000 | |
| 當期經營租賃負債 | $ | 160,000 | $ | 158,000 | |
| 長期債務的當期部分 | 1,151,000 | 1,000,000 | |||
| 應付帳款 | 182,000 | 106,000 | |||
| 客户存款 | 4,000 | 45,000 | |||
| 應計費用和其他流動負債 | 233,000 | 265,000 | |||
| 流動負債總額 | 1,730,000 | 1,574,000 | |||
| 長期經營租賃負債 | 208,000 | 248,000 | |||
| 應付票據 | 149,000 | 150,000 | |||
| 總負債 | 2,087,000 | 1,972,000 | |||
| 股東權益合計(虧損) | (256,000 | ) | 345,000 | ||
| 總負債和股東權益 | $ | 1,831,000 | $ | 2,317,000 | |
Michael P. Malone
Chief Financial Officer
(978) 287-5100
邁克爾·P·馬龍
首席財務官
(978) 287-5100