Business
Technical Communications Corporation Reports Results for the Three and Nine Months Ended June 26, 2021
Technical Communications Corporation Reports Results for the Three and Nine Months Ended June 26, 2021.
About this update from Technical Communications Corp.
[{"type":"text","content":"\n CONCORD, Mass., Aug. 06, 2021 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB: TCCO) today announced its results for the three and nine months ended June 26, 2021. The Company reported a net loss of $(490,000), or $(0.26) per share, on revenue of $426,000 for the quarter ended June 26, 2021, compared to a net loss of $(483,000), or $(0.26) per share, on revenue of $599,000 for the quarter ended June 27, 2020. For the nine months ended June 26, 2021, the Company reported a net loss of $(1,161,000), or $(0.63) per share, on revenue of $1,209,000, compared to a net loss of $(1,324,000), or $(0.72) per share, on revenue of $1,987,000 for the nine months ended June 27, 2020. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, “The Covid-19 pandemic continues to adversely affect our customer base as many foreign countries are still struggling with the coronavirus. The resources availabile for security equipment and systems have become more scarce as customers allocate funds to contain the virus. We have started to see progress in certain countries toward the resumption of the procurement process, including product demonstration requests, remote training and the receipt of formal requests for quotations. We will continue to work closely with these customers in order to be able to move quickly once they are in a position to place orders. In the meantime, TCC continues to closely monitor expenses and is actively pursuing additional sources of liquidity.” About Technical Communications Corporation 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: www.tccsecure.com. 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 anticipat...