Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 24, 2022
Technical Communications Corporation Reports Results for the Fiscal Quarter Ended December 24, 2022
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: .CONCORD, Mass., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB: TCCO) today announced its results for the fiscal quarter ended December 24, 2022. For the quarter ended December 24, 2022, the Company reported a net loss of $(849,000), or $(0.46) per share, on revenue of $122,000, compared to a net loss of $(613,000), or $(0.33) per share, on revenue of $423,000 for the quarter ended December 25, 2021.
马萨诸塞州康科德，2023年2月3日(Global Newswire)--技术通信公司(OTCQB：TCCO)今天宣布了截至2022年12月24日的财季业绩。在截至2022年12月24日的季度，该公司报告净亏损849,000美元，或每股亏损0.46美元，收入为122,000美元；而截至2021年12月25日的季度，净亏损(613,000美元)，或每股亏损(0.33美元)，收入为423,000美元。
Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, "The impact of the COVID pandemic has not resolved and continues to have negative effects on the financial condition of the Company. We continue to work closely with our customers in order to be able to move quickly once they are in a position to place orders. TCC continues to closely monitor expenses and is actively pursuing additional sources of liquidity."
技术通信公司首席执行官兼首席执行官小卡尔·H·吉尔德表示：“新冠疫情的影响尚未消除，并将继续对公司的财务状况产生负面影响。我们将继续与客户密切合作，以便在客户能够下单时能够迅速采取行动。技术通信公司将继续密切监控支出，并积极寻求额外的流动性来源。”
About Technical Communications Corporation
关于技术通信公司
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多年来，天信一直专注于一流的安全通信系统和定制的解决方案，支持我们的®同类最佳标准，以保护在各种网络上传输的高度敏感的语音、数据和视频。115多个国家的政府实体、军事机构和企业选择了TCC久经考验的安全措施来保护他们的通信。了解更多情况：.
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 24, 2022 and the "Risk Factors" section included therein.
本新闻稿中所作的或以其他方式并入本新闻稿的陈述，并非纯粹历史性的陈述，属于1995年私人证券诉讼改革法所指的“前瞻性陈述”。前瞻性陈述包括但不限于有关预期经营业绩、未来收益以及实现增长和盈利能力的陈述。此类前瞻性表述涉及已知和未知的风险、不确定性和其他因素，包括但不限于新冠肺炎疫情的影响(包括对客户的影响)和政府对此的反应；国内外政治动荡的影响；国内外政府政策和经济状况的影响；出口法律法规的变化；技术的变化；招聘、留住和激励技术、管理和销售人员的能力；与新产品的技术可行性和市场接受度相关的风险；电信协议的变化；成本、汇率和利率变化的影响；以及公司获得充足资本资源的能力。这些风险、不确定因素和其他因素可能导致公司的实际结果、业绩或成就，或行业结果，与此类前瞻性陈述明示或暗示的任何未来结果、业绩或成就大不相同。有关该公司面临的风险的更详细讨论，请参阅该公司提交给美国证券交易委员会的文件，包括其截至2022年9月24日的财政年度10-K表格的年度报告以及其中的“风险因素”部分。
Technical Communications Corporation
技术通信公司
Condensed consolidated statements of operations
简明合并业务报表
| Quarter Ended | ||
| 12/24/2022 | 12/25/2021 | |
| (Unaudited) | (Unaudited) | |
| Net revenue | $ 122,000 | $ 423,000 |
| Gross profit (loss) | (27,000) | 67,000 |
| S, G & A expense | 484,000 | 562,000 |
| Product development costs | 277,000 | 101,000 |
| Operating loss | (788,000) | (596,000) |
| Interest expense | (61,000) | (16,000) |
| Net loss | (849,000) | (613,000) |
| Net loss per share: | ||
| Basic | $(0.46) | $(0.33) |
| Diluted | $(0.46) | $(0.33) |
| 截至的季度 | ||
| 12/24/2022 | 12/25/2021 | |
| (未经审计) | (未经审计) | |
| 净收入 | $ 122,000 | $ 423,000 |
| 毛利(亏损) | (27,000) | 67,000 |
| S，G&A费用 | 484,000 | 562,000 |
| 产品开发成本 | 277,000 | 101,000 |
| 营业亏损 | (788,000) | (596,000) |
| 利息支出 | (61,000) | (16,000) |
| 净亏损 | (849,000) | (613,000) |
| 每股净亏损： | ||
| 基本信息 | $(0.46) | $(0.33) |
| 稀释 | $(0.46) | $(0.33) |
Condensed consolidated balance sheets
简明合并资产负债表
| 12/24/2022 | 9/24/2022 | |
| (Unaudited) | (derived from audited | |
| Financial statements) | ||
| Cash and cash equivalents | $ 59,000 | $ 7,000 |
| Accounts receivable - trade | - | 15,000 |
| Receivables - other | 498,000 | 516,000 |
| Inventory | 972,000 | 966,000 |
| Other current assets | 167,000 | 187,000 |
| Total current assets | 1,696,000 | 1,691,000 |
| Property and equipment, net | 10,000 | 11,000 |
| Right-of-use asset | 208,000 | 249,000 |
| Total assets | $ 1,914,000 | $ 1,951,000 |
| Current operating lease liability | $ 166,000 | $ 164,000 |
| Current portion of long-term debt | 3,728,000 | 3,002,000 |
| Accounts payable | 257,000 | 159,000 |
| Customer deposits | 7,000 | 4,000 |
| Accrued expenses and other current liabilities | 337,000 | 325,000 |
| Total current liabilities | 4,495,000 | 3,654,000 |
| Long term operating lease liability | 42,000 | 84,000 |
| Notes payable | 147,000 | 148,000 |
| Total liabilities | 4,684,000 | 3,886,000 |
| Total stockholders' deficit | (2,770,000 | (1,935,000 |
| Total liabilities and stockholders' deficit | $ 1,914,000 | $ 1,951,000 |
| 12/24/2022 | 9/24/2022 | |
| (未经审计) | (源自经审计 | |
| 财务报表) | ||
| 现金和现金等价物 | $ 59,000 | $ 7,000 |
| 应收账款--贸易 | - | 15,000 |
| 应收账款-其他 | 498,000 | 516,000 |
| 库存 | 972,000 | 966,000 |
| 其他流动资产 | 167,000 | 187,000 |
| 流动资产总额 | 1,696,000 | 1,691,000 |
| 财产和设备，净额 | 10,000 | 11,000 |
| 使用权资产 | 208,000 | 249,000 |
| 总资产 | $ 1,914,000 | $ 1,951,000 |
| 当期经营租赁负债 | $ 166,000 | $ 164,000 |
| 长期债务的当期部分 | 3,728,000 | 3,002,000 |
| 应付帐款 | 257,000 | 159,000 |
| 客户存款 | 7,000 | 4,000 |
| 应计费用和其他流动负债 | 337,000 | 325,000 |
| 流动负债总额 | 4,495,000 | 3,654,000 |
| 长期经营租赁负债 | 42,000 | 84,000 |
| 应付票据 | 147,000 | 148,000 |
| 总负债 | 4,684,000 | 3,886,000 |
| 股东总亏损额 | (2,770,000 | (1,935,000 |
| 总负债和股东赤字 | $ 1,914,000 | $ 1,951,000 |
| Technical Communications Corporation | Michael P. Malone |
| 100 Domino Drive | Chief Financial Officer |
| Concord, MA 01742 – 2892 | (978) 287-5100 |
| 技术通信公司 | 迈克尔·P·马龙 |
| 多米诺大道100号 | 首席财务官 |
| 马萨诸塞州康科德，01742-2892. | (978) 287-5100 |
