Technical Communications reduces losses YoY

Technical Communications Corporation (NasdaqCM: TCCO), for the fiscal year and quarter ended October 1, 2016, reported a net loss of USD860,000, or USD0.47 per share, on revenue of USD405,000, compared to a net loss of USD1,170,000, or USD0.64 per share, on revenue of USD931,000 for the quarter ended October 3, 2015, the company said.

For the year ended October 1, 2016, the Company reported a net loss of USD2,472,000, or USD1.34 per share, on revenue of USD2,523,000, compared to a net loss of USD1,822,000, or USD0.99 per share, on revenue of USD5,942,000 for the year ended October 3, 2015.

For over 50 years, TCC has specialized in superior-grade secure communications systems and customized solutions, supporting our CipherONE best-in-class criteria, to protect highly sensitive voice, data and video transmitted over a wide range of networks. Government entities, military agencies and corporate enterprises in over 115 countries have selected TCC´s proven security to protect their communications.