Business
Technical Communications Corporation Reports Results for the Three and Six Months Ended March 26, 2022
Technical Communications Corporation Reports Results for the Three and Six Months Ended March 26, 2022.
About this update from Technical Communications Corp.
[{"type":"text","content":"\n CONCORD, Mass., May 06, 2022 (GLOBE NEWSWIRE) -- Technical Communications Corporation (OTCQB: TCCO) today announced its results for the three and six months ended March 26, 2022. The Company reported a net loss of $(522,000), or $(0.28) per share, on revenue of $565,000 for the quarter ended March 26, 2022, compared to a net loss of $(329,000), or $(0.18) per share, on revenue of $617,000 for the quarter ended March 27, 2021. For the six months ended March 26, 2022, the Company reported a net loss of $(1,136,000), or $(0.61) per share, on revenue of $989,000, compared to a net loss of $(671,000), or $(0.36) per share, on revenue of $783,000 for the six months ended March 27, 2021. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, “The Company continues to be impacted by the international COVID pandemic as customers are just starting to re-engage in the procurement process. Customers had been reluctant to have in-person meetings and performance demonstrations, which are necessary to consummate sales. We expect that this trend will continue and positively affect other program opportunities and allow us to begin recovery in the near future.” 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 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 ...