Technical Communications reports loss for Q4
Dec 17, 2012 (Datamonitor via COMTEX) --
Technical Communications Corporation has reported that net loss for the fourth quarter ended September 29, 2012 was $489,000, or $0.27 loss per share, compared to net income of $255,000, or $0.14 per share, for the same quarter ended September 24, 2011.
Net sales for the fourth quarter ended September 29, 2012 were $1.33 million, compared to $2.24 million, for the same quarter ended September 24, 2011.
Net loss for the year ended September 29, 2012 was $841,000, or $0.46 loss per diluted share, compared to net income of $2.27 million, or $1.21 per diluted share, for the year ended September 24, 2011.
Net sales for the year ended September 29, 2012 were $8.12 million, compared to $12.1 million, for the year ended September 24, 2011.
Commenting on corporate performance, Car Guild, president and CEO of TCC, said "During fiscal 2012, TCC delivered its DSP9000 universal radio encryption system for use in Afghanistan, DSD72A-SP military grade network encryptors for use in Taiwan and TCC CX series encryptors for use in private satellite communications systems. TCC also continued its commitment to internal product development by completing key milestones in the expansion of our SONET/S and IP network product lines."
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