Comparing the current results to its competitors, Technical Communications reported Revenue decrease in the 3 quarter 2023 year on year by -76.06 %, despite the revenue increase by the most of its competitors of 10.34 %, recorded in the same quarter.
Technical Communications Corporation, despite income growth by most of its competitors recorded a net loss, despite income increase by most of its competitors of 17 %
Technical Communications's Comment on Competition and Industry Peers
The market for communications security devices and systems is highly competitive
and characterized by rapid technological change. The Company has several competitors,
including foreign-based companies, in the communications security device field.
The Company believes its principal competitors include Crypto AG, Thales Group,
Motorola Solutions, Inc., General Dynamics Corporation, Omnisec AG, Certes Networks,
Inc., Gemalto N.V., Harris Corporation and Silent Circle, Inc.
The Company competes based on its service, the operational and technical features
of its products, its customization abilities, its sales expertise, and pricing.
Many of TCC’s competitors have substantially greater financial, technical,
sales and marketing, distribution and other resources, greater name recognition
and longer standing relationships with customers. Competitors with greater financial
resources can be more aggressive in marketing campaigns, can survive sustained
price reductions in order to gain market share and can devote greater resources
to support existing products and develop new competing products.
Our competitive position also depends on our ability to attract and retain
qualified personnel, obtain and maintain intellectual property protection or
otherwise develop proprietary products or processes, and secure sufficient capital
resources for product, research and development efforts.
Publicly Traded Peers of Technical Communications Corporation
Dover Corp Share Performance
-3.28%
This Year
Dover Corp
Profile
Dover Corporations business model focuses on delivering specialized products and solutions across multiple industries, leveraging its diverse operating segments to meet customer needs and drive innovation.
Kratos Defense and Security Solutions inc Share Performance
-39.68%
This Year
Kratos Defense and Security Solutions inc
Profile
Kratos Defense and Security Solutions Inc operates as a technology and defense company, providing solutions for national security and technology-related challenges. Their business model focuses on developing and delivering advanced products, systems, and services across various sectors, including defense, aerospace, cyberspace, and more.
Bwx Technologies Inc operates as a specialty nuclear components supplier and a service provider for the United States government. The company offers a range of products and services in the areas of nuclear power generation, nuclear waste management, and nuclear defense programs, catering to both commercial and government customers.
Richardson Electronics Ltd operates as a global provider of engineered solutions, power grid and microwave tubes, and customized display solutions. They leverage partnerships with leading manufacturers to offer a wide range of products and services to various industries, including healthcare, aviation, industrial, and telecommunications.
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: publicly traded companies.
For your research, we’ve provided 10 tables on Technical Communications Corporation versus competitors, including market share analysis.
You can find them in the navigation menu under Competition.
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.
