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Technical Communications Corporation (TCCO) delivers mission-critical encryption solutions for government, military, and enterprise clients across 115 countries. This news hub provides investors and security professionals with comprehensive updates on TCCO's strategic developments in secure communications technology.
Access real-time information on product innovations, government contracts, and leadership initiatives driving global data protection standards. Our curated collection ensures transparent tracking of TCCO's market position through earnings reports, partnership announcements, and technology milestones.
Key coverage areas include advancements in CipherONE® network encryption, international expansion efforts, and executive decision-making under CEO Carl H. Guild, Jr. All content maintains the technical specificity required for informed cybersecurity analysis while remaining accessible to general investors.
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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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