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Technical Communications Corporation  (TCCO)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $0.4707 $0.12 34.486%
Day's High: $0.4707 Week Perf: 39.38 %
Day's Low: $ 0.31 30 Day Perf: -32.55 %
Volume (M): 1 52 Wk High: $ 1.00
Volume (M$): $ 0 52 Wk Avg: $0.64
Open: $0.31 52 Wk Low: $0.24



 Market Capitalization (Millions $) 1
 Shares Outstanding (Millions) 2
 Employees 23
 Revenues (TTM) (Millions $) 0
 Net Income (TTM) (Millions $) -2
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) 0

Technical Communications Corporation

Technical Communications Corporation was organized in 1961 as a Massachusetts corporation to engage primarily in consulting activities. Since the late 1960s, the business has consisted entirely of the design, development, manufacture, distribution, marketing and sale of communications security devices, systems and services. The secure communications solutions provided by TCC protect vital information transmitted over a wide range of data, video, fax and voice networks. TCC’s products have been sold into over 115 countries to governments, military agencies, telecommunications carriers, financial institutions and multinational corporations. The Company’s business consists of one industry segment, which is the design, development, manufacture, distribution, marketing and sale of communications security devices, systems and services.

The Company’s products consist of sophisticated electronic devices that enable users to transmit information in an encrypted format and permit recipients to reconstitute the information in a deciphered format if the recipient possesses the right decryption “key”. The Company’s products can be used to protect confidentiality in communications between radios, landline telephones, mobile phones, facsimile machines and data network equipment over wires, fiber optic cables, radio waves, and microwave and satellite links. The principal markets for the Company’s products are foreign and domestic governmental agencies, law enforcement and military agencies, financial institutions, and multinational companies requiring protection of mission-critical information.

TCC historically and presently designs and develops its own equipment and software to meet the requirements of general secure communications applications, as well as the custom-tailored requirements of specific users. A customer may order equipment that is specially programmed to encrypt transmissions in accordance with a code to which only the customer has access. Management believes the coordinated development of cryptographic software and associated hardware allows TCC to provide high-strength encryption security products with efficient processing and transmission. Both criteria, the Company believes, are essential to customer satisfaction.

TCC manufactures most of its products using third-party vendors for the supply of components and selected processing. Final assembly, software loading, testing and quality assurance are performed by TCC at its factory. This manufacturing approach allows TCC to competitively procure the components from multiple suppliers while maintaining control of the manufacture and performance of the final product.

TCC’s products are sold worldwide through a variety of channels depending on the country and the customer. Generally, TCC does not use stocking distributors because the Company’s products are required to be sold under an applicable U.S. government license, which generally requires end-user information. Rather, the Company sells directly to customers, original equipment manufacturers (“OEMs”) and value-added resellers using its in-house sales force as well as domestic and international representatives, consultants and distributors. The marketing and selling approach varies with each country and often involves extensive test and demonstration activity prior to the consummation of a sale. TCC has a network of in-country representatives and consultants who conduct performance demonstrations, market the products and close the sale, and who handle on behalf of TCC many of the ancillary requirements pertaining to importation duties, taxes, registration fees, and product receipt and acceptance. After-sale, in-country support by the representatives maintains customer satisfaction and provides a liaison for the Company’s customer support services.

Providing secure communications systems and services for government and military markets worldwide remains a principal focus for TCC, as the Company believes continued concerns over security will sustain demand for increased protection of both voice and data networks. Our focus in the government market also now includes law enforcement special operations customers. Additionally, we see increased interest for secure communications in the corporate industrial sector. The Company is pursuing selected, evolutionary upgrades and product derivatives of our government/military products both to provide entry into these new markets and meet new requirements of our existing customers. We believe the ability of TCC to custom-tailor cryptographic functions and control systems to satisfy unique customer requirements will meet a growing demand as customers become more sophisticated in defining their communications security needs.

Described below is TCC’s portfolio of communications security solutions for mission-critical voice, data and video networks for military, government and corporate/industrial applications.

The Government Systems product line has traditionally been the Company’s core product base and typically generates the majority of the Company’s revenue. During fiscal 2017, 67% of the Company’s revenue was generated by our Government Systems product line and 29% of the Company’s revenue was generated by our engineering services. Although we expect engineering services to remain strong, we also expect that sales of our Government Systems products will constitute the majority of our revenue in the future. These products, such as the CSD 3324 SE telephone/fax encryptor, and the DSP 9000 radio encryption system, have proven to be highly durable, which has led to significant repeat business from our government customers. The Company believes that these products and their derivatives will continue to be the Company’s most significant source of near-term future revenues.

The Government Systems products also include our DSD 72A-SP military bulk encryptor. Due to diminished demand in recent years, this product is no longer being marketed. However, we will continue to support a large installed base of this equipment still in use with our customers, as there remains a demand for spare parts and small network upgrades.

With the availability of our next-generation IP encryptors and the ability to integrate customer-specific national algorithms, the Company believes that its Network Security Systems are competitive for a growing niche of mission-critical government and industrial/corporate network applications worldwide. TCC is hopeful that future derivatives of its IP encryptor and KEYNET IP Manager system will expand the market opportunity for these products.

The Company’s Secure Office Systems product line had primarily consisted of products that were originally acquired through an asset and rights purchase from a subsidiary of AT&T in 1995. These products are no longer being marketed. While one of these products, the CSD4100 secure executive telephone, is still available and remains profitable, demand for it has diminished in recent years. We will continue to offer this product from existing inventory, which we anticipate will be sufficient for several more years.

TCC has been offering CipherTalk® secure mobile phone communication solutions since 2005. In fiscal 2016, the Company introduced its next-generation CipherTalk 8500, a secure mobile IP-based phone. The market for high-end secure wireless mobile phones is competitive and product demand has not developed as expected. We will continue to market this product with reduced expectations.

The Company also provides customized tools, products and training upon a customer’s request, as well as design solutions for OEM requirements. In addition, the Company actively sells its engineering services in support of funded research and development. These services are typically billed to a customer on a time and materials basis and can run for several months to several years depending on the scope of the project.



   Company Address: 100 Domino Drive Concord 1742 MA
   Company Phone Number: 287-5100   Stock Exchange / Ticker: TCCO
   


Customers Net Income grew by TCCO's Customers Net Profit Margin grew to

59.5 %

6.89 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

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Technical Communications Corporation

Technical Communications Corporation showcases mixed performance and promising progress in latest financial report



Technical Communications Corporation (TCC) recently released its financial results for the period ending June 24, 2023. The company showcased some mixed performance indicators, with noticeable improvements in certain areas while facing challenges in others. In this article, we will delve into the financial facts and assess their potential impact on TCC's future.
1. Earnings per Share:
TCC's earnings per share (EPS) have shown improvement over the past year, decreasing from a loss of $-0.45 per share to $-0.25 per share. Compared to the previous financial reporting period, EPS also displayed an upward trend, improving from $-0.34 per share. This positive movement suggests that TCC is taking steps towards profitability.

Technical Communications Corporation

Headline: Technical Communications Corporation Faces Unprecedented Challenges in Q1 2023 Financial Period

Technical Communications Corporation (TCCO) is a Massachusetts-based company that specializes in secure communication technologies. It offers a wide range of products and services to the defense, intelligence, and commercial industries. With over 50 years of experience in the field, TCCO has established itself as a leading provider of secure communication solutions.
However, the company reported a disastrous financial performance for the period between January and March 2023. The revenue plummeted by 95.083% to a mere $0.03 million, causing a shortfall per share to widen to $-0.34, from the comparable financial period a year prior. Additionally, the revenue tumbled sequentially by 77.139%, from $0.12 million in the preceding financial period, leading to considerable concern in the market.






 

Technical Communications's Segments
 
 
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