Technical Communications's Corporate Customers have recorded an advance in their cost of revenue by 7.94 % in the 3 quarter 2023 year on year, sequentially costs of revenue grew by 7.06 %. During the corresponding time, Technical Communications Corporation saw a revenue deteriorated by -76.06 % year on year, sequentially revenue grew by 25.87 %. While revenue at the Technical Communications Corporation's corporate clients recorded rose by 6.82 % year on year, sequentially revenue grew by 6.89 %.
Technical Communications's Customers have recorded an advance in their cost of revenue by 7.94 % in the 3 quarter 2023 year on year, sequentially costs of revenue grew by 7.06 %, for the same period Technical Communications Corporation revnue deteriorated by -76.06 % year on year, sequentially revenue grew by 25.87 %.
Technical Communications's Comment on Sales, Marketing and Customers
The Company had two customers representing 91% of total net sales. These sales
consisted primarily of our engineering services representing 29% of net sales
and shipments of our narrowband radio encryptors to a domestic customer for deployment
into Afghanistan representing 61% of net sales.
The Company sells directly to customers, original equipment manufacturers and
value-added resellers using its in-house sales force as well as domestic and
international representatives, consultants and distributors. International sales
are made primarily through our main office. We seldom have long-term contractual
relationships with our customers and, therefore, generally have no assurance
of a continuing relationship within a given market.
Orders for our products are usually placed by customers on an as-needed basis
and we typically ship products within 30 to 180 days of receipt of a customers
firm purchase order. Our backlog consists of all orders received where the anticipated
shipping date is within 12 months of the order date. Because of the possibility
of customer changes in delivery schedules or the cancellation of orders, our
backlog as of any particular date may not be indicative of sales in any future
period.
The Company expects that sales to a relatively small number of customers will
continue to account for a high percentage of the Company’s revenues for
the foreseeable future. A reduction in orders from any such customer, or the
cancellation of any significant order and failure to replace such order with
orders from other customers, would have a material adverse effect on the Company’s
financial condition and results of operations.
Technical Communications’s Comment on Sales, Marketing and Customers
The Company had two customers representing 91% of total net sales. These sales
consisted primarily of our engineering services representing 29% of net sales
and shipments of our narrowband radio encryptors to a domestic customer for deployment
into Afghanistan representing 61% of net sales.
The Company sells directly to customers, original equipment manufacturers and
value-added resellers using its in-house sales force as well as domestic and
international representatives, consultants and distributors. International sales
are made primarily through our main office. We seldom have long-term contractual
relationships with our customers and, therefore, generally have no assurance
of a continuing relationship within a given market.
Orders for our products are usually placed by customers on an as-needed basis
and we typically ship products within 30 to 180 days of receipt of a customers
firm purchase order. Our backlog consists of all orders received where the anticipated
shipping date is within 12 months of the order date. Because of the possibility
of customer changes in delivery schedules or the cancellation of orders, our
backlog as of any particular date may not be indicative of sales in any future
period.
The Company expects that sales to a relatively small number of customers will
continue to account for a high percentage of the Company’s revenues for
the foreseeable future. A reduction in orders from any such customer, or the
cancellation of any significant order and failure to replace such order with
orders from other customers, would have a material adverse effect on the Company’s
financial condition and results of operations.
Sources:
Technical Communications Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Technical Communications Corporation’s corporate clients.
For your research, we’ve provided 9 tables on Technical Communications Corporation corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
10.68 %