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Technical Communications Corporation (TCCO) designs, develops, integrates, markets, and services military-grade systems and custom solutions to secure voice, data, and video communications in demanding environments worldwide. TCCO’s universal encryption products deliver end-to-end protection over a wide range of networks. These products are optimized for performance, cryptographic strength, and ease of use, supporting the company’s CipherONE® optimized network encryption best-in-class criteria.
Additionally, TCC specializes in meeting unique customer requirements, including integrating TCC technology, designing custom algorithms and new solutions, and embedding encryption. The company has established long-term relationships globally, while its large base of international representatives, direct sales force, and technical field staff provide personalized service and support to each customer.
Today, government entities, military agencies, and corporate enterprises in 115 countries have selected TCC's proven security to protect their communications.
Recently, TCCO has been involved in several significant projects and partnerships aimed at enhancing global communication security. Under the leadership of Carl H. Guild, Jr., President and CEO, the company continues to innovate and expand its product offerings to meet the evolving demands of its clients.
For the latest updates, news, and developments, please refer to the official TCCO website or contact Carl H. Guild, Jr. at (978) 287-5100 or visit www.tccsecure.com.
Technical Communications Corporation (TCCO) reported a net loss of $(849,000), or $(0.46) per share, for the quarter ending December 24, 2022. This marks a decline from a net loss of $(613,000), or $(0.33) per share, in the same period last year. Revenue also dropped significantly to $122,000, down from $423,000. The CEO, Carl H. Guild Jr., emphasized that lingering effects from the COVID pandemic continue to hinder financial recovery, prompting TCCO to closely monitor expenses and seek additional liquidity sources.
Technical Communications Corporation (OTCQB: TCCO) reported financial results for the year ended September 24, 2022, showing a net loss of $(2,331,000) or $(1.26) per share, compared to a loss of $(1,088,000) or $(0.59) per share in 2021. Revenue declined to $1,304,000 from $1,866,000 in the previous year. President and CEO Carl H. Guild Jr. noted ongoing challenges due to the COVID pandemic but highlighted signs of recovery in international procurement processes, including product demonstrations and training. The company is focused on managing expenses and securing additional liquidity.
Technical Communications Corporation (TCCO) announced its financial results for the quarter and nine months ending June 25, 2022. The company reported a net loss of $(842,000) or $(0.45) per share on revenue of $146,000, compared to a net loss of $(490,000) or $(0.27) per share on revenue of $426,000 for the same period in 2021. For the nine months, TCCO posted a net loss of $(1,978,000) on revenue of $1,135,000, marking an increase in losses compared to $(1,161,000) on revenue of $1,209,000 in the prior year. The ongoing impact of the COVID pandemic has hindered sales opportunities.
Technical Communications Corporation (TCCO) reported a net loss of $(522,000) or $(0.28) per share on $565,000 in revenue for the quarter ending March 26, 2022, reflecting a decline from a loss of $(329,000) or $(0.18) per share on $617,000 in revenue for the same quarter last year. For the six months, net loss reached $(1,136,000) on $989,000 in revenue, compared to a $(671,000) loss on $783,000 revenue in the prior year. The company continues to face challenges due to COVID-19, impacting sales opportunities and customer interactions.
Technical Communications Corporation (TCCO) reported a net loss of $(613,000) for Q1 2022, or $(0.33) per share, with revenue of $423,000. This represents a decline compared to a net loss of $(342,000) or $(0.19) per share with revenue of $167,000 in Q1 2021. The CEO mentioned that the COVID-19 pandemic has delayed new business opportunities, but progress is being made in some areas, indicating a potential recovery trend in communications and field testing which may benefit future programs.
Technical Communications Corporation (TCCO) reported a net loss of $(1,088,000) or $(0.59) per share for the fiscal year ending September 25, 2021, compared to a net loss of $(911,000) or $(0.49) per share for the prior year. Revenue dropped to $1,866,000 from $4,108,000, highlighting significant business challenges due to COVID-19. Despite delays in securing international business, TCCO has developed new encryption products and anticipates recovery in 2022, supported by the increasing demand for cybersecurity solutions.
Technical Communications Corporation (OTCQB: TCCO) reported a net loss of $(490,000) or $(0.26) per share for Q2 2021 on revenues of $426,000, compared to $(483,000) and $599,000 a year earlier. For the nine months ending June 26, 2021, the net loss was $(1,161,000) on $1,209,000 in revenue, an improvement from $(1,324,000) on $1,987,000 in the prior year. CEO Carl H. Guild Jr. highlighted ongoing COVID-19 impacts on their customer base, with limited procurement resources. Despite challenges, TCCO is seeing some progress in customer engagement and is actively managing expenses while seeking additional liquidity.
Technical Communications Corporation (TCCO) reported a net loss of $(329,000), or $(0.18) per share, on revenue of $617,000 for the quarter ended March 27, 2021. This marks an improvement from a net loss of $(361,000) on revenue of $723,000 in the same quarter last year. For the six months ended March 27, 2021, TCCO showed a net loss of $(671,000) on revenue of $783,000, compared to a loss of $(842,000) on revenue of $1,389,000 a year prior. The ongoing impact of COVID-19 continues to affect business operations, but there is optimism as restrictions begin to ease, and a $1,000,000 loan from CEO Carl H. Guild Jr. aims to bolster working capital.
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