Technical Commun Financials
This page shows Technical Commun (TCCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2022 annual data. Scores normalized against common benchmarks. How we calculate these scores
Technical Commun has an operating margin of -208.4%, meaning the company retains $-208 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -108.1% the prior year.
Technical Commun's revenue declined 30.1% year-over-year, from $1.9M to $1.3M. This contraction results in a growth score of 0/100.
Technical Commun's current ratio of 0.46 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Technical Commun generated -$2.3M in operating cash flow, capex of $13K consumed most of it, leaving -$2.3M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Technical Commun passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Technical Commun generates $0.98 in operating cash flow (-$2.3M OCF vs -$2.3M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Key Financial Metrics
Technical Commun generated $1.3M in revenue in fiscal year 2022. This represents a decrease of 30.1% from the prior year.
Technical Commun's EBITDA was -$2.7M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 35.3% from the prior year.
Technical Commun generated -$2.3M in free cash flow in fiscal year 2022, representing cash available after capex. This represents an increase of 15.3% from the prior year.
Technical Commun reported -$2.3M in net income in fiscal year 2022. This represents a decrease of 114.2% from the prior year.
Technical Commun earned $-1.26 per diluted share (EPS) in fiscal year 2022. This represents a decrease of 113.6% from the prior year.
Technical Commun held $7K in cash against $150K in long-term debt as of fiscal year 2022.
Technical Commun had 2M shares outstanding in fiscal year 2022. This represents an increase of 0.0% from the prior year.
Technical Commun's gross margin was 1.1% in fiscal year 2022, indicating the percentage of revenue retained after direct costs. This is down 28.8 percentage points from the prior year.
Technical Commun's operating margin was -208.4% in fiscal year 2022, reflecting core business profitability. This is down 100.3 percentage points from the prior year.
Technical Commun's net profit margin was -178.8% in fiscal year 2022, showing the share of revenue converted to profit. This is down 120.5 percentage points from the prior year.
Technical Commun invested $817K in research and development in fiscal year 2022. This represents an increase of 11.6% from the prior year.
Technical Commun invested $13K in capex in fiscal year 2022, funding long-term assets and infrastructure.
TCCO Income Statement
| Metric | Q3'23 | Q2'23 | Q4'23 | Q3'22 | Q3'22 | Q2'22 | Q4'22 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $35K+25.9% | $28K-77.1% | $122K-28.2% | $169K+15.9% | $146K-74.1% | $565K+33.4% | $423K-35.6% | $657K |
| Cost of Revenue | $64K-43.8% | $113K-23.5% | $148K-43.1% | $260K+42.5% | $183K-62.8% | $490K+37.4% | $357K-39.2% | $587K |
| Gross Profit | -$29K+66.4% | -$85K-221.6% | -$27K+70.8% | -$91K-149.6% | -$36K-148.8% | $75K+12.1% | $67K-5.4% | $70K |
| R&D Expenses | $106K-34.7% | $163K-41.3% | $277K-11.5% | $313K-1.7% | $319K+280.3% | $84K-17.1% | $101K+174.5% | $37K |
| SG&A Expenses | $269K-16.6% | $322K-33.4% | $484K+16.1% | $417K-7.6% | $451K-7.0% | $485K-13.8% | $562K+33.1% | $423K |
| Operating Income | -$404K+29.2% | -$570K+27.6% | -$787K+4.1% | -$821K-1.8% | -$806K-63.2% | -$494K+17.3% | -$597K-53.4% | -$389K |
| Interest Expense | $65K-6.6% | $70K | N/A | N/A | $37K+28.1% | $29K | N/A | N/A |
| Income Tax | N/A | N/A | $0 | N/A | N/A | N/A | $0 | N/A |
| Net Income | -$466K+25.9% | -$629K+25.9% | -$849K-140.4% | -$353K+58.1% | -$842K-61.3% | -$522K+14.8% | -$613K-943.5% | $73K |
| EPS (Diluted) | $-0.25+26.5% | $-0.34+26.1% | $-0.46 | N/A | $-0.45-60.7% | $-0.28+15.2% | $-0.33 | N/A |
TCCO Balance Sheet
| Metric | Q3'23 | Q2'23 | Q4'23 | Q3'22 | Q3'22 | Q2'22 | Q4'22 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.7M+0.3% | $1.7M-13.2% | $1.9M-1.9% | $2.0M+19.2% | $1.6M-18.6% | $2.0M+9.8% | $1.8M-21.0% | $2.3M |
| Current Assets | $1.5M+3.2% | $1.5M-12.4% | $1.7M+0.3% | $1.7M+25.6% | $1.3M-19.8% | $1.7M+15.0% | $1.5M-23.4% | $1.9M |
| Cash & Equivalents | $45K-77.2% | $198K+237.7% | $59K+772.8% | $7K-81.7% | $37K+41.4% | $26K-54.5% | $57K-80.8% | $298K |
| Inventory | $1.2M+27.5% | $973K+0.1% | $972K+0.6% | $966K-11.6% | $1.1M+1.3% | $1.1M-4.3% | $1.1M-2.6% | $1.2M |
| Accounts Receivable | $14K+36.8% | $10K | $0-100.0% | $15K-31.7% | $22K-94.4% | $395K+209.7% | $127K-54.6% | $281K |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $5.5M+9.2% | $5.0M+7.8% | $4.7M+20.5% | $3.9M+20.2% | $3.2M+16.4% | $2.8M+33.0% | $2.1M+5.8% | $2.0M |
| Current Liabilities | $2.3M+38.9% | $1.7M-63.0% | $4.5M+23.0% | $3.7M+23.5% | $3.0M+20.2% | $2.5M+42.2% | $1.7M+9.9% | $1.6M |
| Long-Term Debt | N/A | N/A | $150K-0.2% | $150K0.0% | $150K0.0% | $150K0.0% | $150K0.0% | $150K |
| Total Equity | -$3.8M-13.5% | -$3.4M-22.3% | -$2.8M-43.2% | -$1.9M-21.3% | -$1.6M-108.2% | -$766K-199.0% | -$256K-174.4% | $344K |
| Retained Earnings | -$8.4M-5.9% | -$8.0M-8.6% | -$7.3M-13.1% | -$6.5M-5.8% | -$6.1M-15.9% | -$5.3M-11.0% | -$4.8M-14.8% | -$4.2M |
TCCO Cash Flow Statement
| Metric | Q3'23 | Q2'23 | Q4'23 | Q3'22 | Q3'22 | Q2'22 | Q4'22 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $153K-89.7% | $1.5M+320.2% | -$673K+82.7% | -$3.9M-985.6% | $439K-71.9% | $1.6M+499.9% | -$391K+19.9% | -$488K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Financing Cash Flow | $0-100.0% | $275K-62.0% | $725K+11.5% | $650K+44.4% | $450K-40.0% | $750K+400.0% | $150K-73.5% | $565K |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TCCO Financial Ratios
| Metric | Q3'23 | Q2'23 | Q4'23 | Q3'22 | Q3'22 | Q2'22 | Q4'22 | Q3'21 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | -82.0%+225.6pp | -307.7%-285.8pp | -21.9%+31.8pp | -53.7%-28.8pp | -24.9%-38.1pp | 13.2%-2.5pp | 15.7%+5.0pp | 10.7% |
| Operating Margin | -1154.0%+898.3pp | -2052.3%-1404.5pp | -647.8%-163.0pp | -484.8%+66.7pp | -551.6%-464.2pp | -87.4%+53.6pp | -140.9%-81.7pp | -59.2% |
| Net Margin | -1332.5%+931.5pp | -2264.0%-1565.8pp | -698.2%-489.6pp | -208.6%+368.0pp | -576.6%-484.2pp | -92.4%+52.4pp | -144.8%-155.9pp | 11.1% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.1% |
| Return on Assets | -28.0%+9.9pp | -37.9%+6.5pp | -44.3%-26.3pp | -18.1%+33.4pp | -51.5%-25.5pp | -26.0%+7.5pp | -33.5%-36.6pp | 3.1% |
| Current Ratio | 0.66-0.2 | 0.89+0.5 | 0.38-0.1 | 0.460.0 | 0.46-0.2 | 0.68-0.2 | 0.84-0.4 | 1.21 |
| Debt-to-Equity | -1.43+0.1 | -1.49-1.4 | -0.05+0.0 | -0.08+0.0 | -0.09+0.1 | -0.20+0.4 | -0.59-1.0 | 0.44 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Note: Shareholder equity is negative (-$1.9M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.46), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Technical Commun's annual revenue?
Technical Commun (TCCO) reported $1.3M in total revenue for fiscal year 2022. This represents a -30.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Technical Commun's revenue growing?
Technical Commun (TCCO) revenue declined by 30.1% year-over-year, from $1.9M to $1.3M in fiscal year 2022.
Is Technical Commun profitable?
No, Technical Commun (TCCO) reported a net income of -$2.3M in fiscal year 2022, with a net profit margin of -178.8%.
What is Technical Commun's earnings per share (EPS)?
Technical Commun (TCCO) reported diluted earnings per share of $-1.26 for fiscal year 2022. This represents a -113.6% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Technical Commun's EBITDA?
Technical Commun (TCCO) had EBITDA of -$2.7M in fiscal year 2022, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Technical Commun have?
As of fiscal year 2022, Technical Commun (TCCO) had $7K in cash and equivalents against $150K in long-term debt.
What is Technical Commun's gross margin?
Technical Commun (TCCO) had a gross margin of 1.1% in fiscal year 2022, indicating the percentage of revenue retained after direct costs of goods sold.
What is Technical Commun's operating margin?
Technical Commun (TCCO) had an operating margin of -208.4% in fiscal year 2022, reflecting the profitability of core business operations before interest and taxes.
What is Technical Commun's net profit margin?
Technical Commun (TCCO) had a net profit margin of -178.8% in fiscal year 2022, representing the share of revenue converted into profit after all expenses.
What is Technical Commun's free cash flow?
Technical Commun (TCCO) generated -$2.3M in free cash flow during fiscal year 2022. This represents a 15.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Technical Commun's operating cash flow?
Technical Commun (TCCO) generated -$2.3M in operating cash flow during fiscal year 2022, representing cash generated from core business activities.
What are Technical Commun's total assets?
Technical Commun (TCCO) had $2.0M in total assets as of fiscal year 2022, including both current and long-term assets.
What are Technical Commun's capital expenditures?
Technical Commun (TCCO) invested $13K in capital expenditures during fiscal year 2022, funding long-term assets and infrastructure.
How much does Technical Commun spend on research and development?
Technical Commun (TCCO) invested $817K in research and development during fiscal year 2022.
How many shares does Technical Commun have outstanding?
Technical Commun (TCCO) had 2M shares outstanding as of fiscal year 2022.
What is Technical Commun's current ratio?
Technical Commun (TCCO) had a current ratio of 0.46 as of fiscal year 2022, which is below 1.0, which may suggest potential liquidity concerns.
What is Technical Commun's debt-to-equity ratio?
Technical Commun (TCCO) had a debt-to-equity ratio of -0.08 as of fiscal year 2022, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Technical Commun's return on assets (ROA)?
Technical Commun (TCCO) had a return on assets of -119.5% for fiscal year 2022, measuring how efficiently the company uses its assets to generate profit.
What is Technical Commun's cash runway?
Based on fiscal year 2022 data, Technical Commun (TCCO) had $7K in cash against an annual operating cash burn of $2.3M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Technical Commun's debt-to-equity ratio negative or unusual?
Technical Commun (TCCO) has negative shareholder equity of -$1.9M as of fiscal year 2022, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Technical Commun's Piotroski F-Score?
Technical Commun (TCCO) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Technical Commun's earnings high quality?
Technical Commun (TCCO) has an earnings quality ratio of 0.98x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Technical Commun?
Technical Commun (TCCO) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.