Technical Communications Corporation Reports Results for the Fiscal Year Ended September 26, 2020
TECHNICAL COMMUNICATIONS (TCCO)
US:NASDAQ Investor Relations:
tccsecure.com/investors.aspx
Company Research
Source: GlobeNewswire
CONCORD, Mass., Dec. 28, 2020 (GLOBE NEWSWIRE) -- Technical Communications Corporation (NasdaqCM: TCCO) today announced its results for the fiscal year ended September 26, 2020. For the year ended September 26, 2020, the Company reported a net loss of $(911,000), or $(0.49) per share, on revenue of $4,108,000, compared to net income of $631,000, or $0.34 per share, on revenue of $7,024,000 for the year ended September 28, 2019. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, “As stated in our previous quarters’ earnings reports, the COVID-19 pandemic continues to delay several projects that are in the pipeline, and those delays continue although we have experienced some limited progress toward the resumption of the procurement process. TCC and our customers have implemented substantial video communications in an effort to move the projects forward. We have seen evidence that certain countries are beginning to loosen restrictions, and TCC
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