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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.
Bookmark this page for streamlined access to TCCO's evolving role in protecting sensitive communications. Stay informed through our organized repository of verified company announcements and industry developments.
Technical Communications Corporation (TCCO) reported a net loss of $(342,000), or $(0.19) per share, for the fiscal quarter ending December 26, 2020, a slight improvement from a net loss of $(480,000) or $(0.26) per share during the same period in 2019. Revenue decreased significantly to $167,000 from $666,000. CEO Carl H. Guild Jr. indicated that COVID-19 continues to delay project progress but sees potential business growth as restrictions ease. The company received a $474,000 loan under the Paycheck Protection Program to aid its operations. TCCO shares now trade on the OTCQB market.
On February 1, 2021, Technical Communications Corporation (TCCO) secured a $474,400 loan from bankHometown under the U.S. Small Business Administration's Paycheck Protection Program. The company anticipates that a portion of this loan will be forgiven, aiding in employee retention despite pandemic-related order delays. The loan will be utilized for payroll, rent, and utilities over a 24-week period. TCC has been a leader in secure communications for over 50 years, serving various sectors globally.
Technical Communications Corporation (TCCO) reported a net loss of $(911,000) for the fiscal year ending September 26, 2020, translating to $(0.49) per share, down from a net income of $631,000 or $0.34 per share in the previous year. Revenue also declined to $4,108,000 from $7,024,000. CEO Carl H. Guild Jr. highlighted that the COVID-19 pandemic contributed to project delays, but noted progress in video communications to advance projects. The company is preparing to ramp up business development as restrictions ease and plans to seek U.S. government financial aid to support operations.
Technical Communications Corporation (TCCO) reported a net loss of $(482,000), or $(0.26) per share for Q3 of 2020, with revenues at $599,000, down from $1,234,000 in Q3 2019. For the nine months ending June 27, 2020, net loss was $(1,324,000), or $(0.72) per share, compared to $(401,000) loss on $4,275,000 revenue in the same period last year. Ongoing COVID-19 pandemic delays impacted project timelines. Despite these challenges, TCCO is preparing to boost business development efforts and is fulfilling a foreign military contract for DSP 9000 and HSE 6000 radio security equipment, expected by September 2020.
Technical Communications Corporation (TCCO) reported a net loss of $(361,000) or $(0.20) per share for Q2 2020, down from net income of $173,000 in Q2 2019. Revenue for the quarter was $723,000, compared to $1,928,000 a year earlier. For the first half of 2020, the company incurred a net loss of $(842,000) on revenue of $1,389,000, compared to a net loss of $(75,000) in H1 2019. Delays attributed to the COVID-19 pandemic impacted project flow. Despite challenges, TCCO secured a $1.85 million order in May for encryption systems related to military sales, expected to boost upcoming revenues.
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