Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2022
Where the money goes
Where each dollar of revenue went, fiscal 2022
- Cost of revenue32¢$1.3M
- Research and development20¢$816.6K
- Selling, general and admin48¢$1.9M
Out of $1.3M in revenue.34 The company lost money this year.
Financial statements
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenue | $2.5M5 | $3.7M6 | $3.7M7 | $7.0M7 | $4.1M8 | $1.9M3 | $1.3M3 |
| Cost of revenue | $2.0M5 | $1.9M6 | $2.7M7 | $3.7M9 | $1.7M8 | $1.3M3 | $1.3M3 |
| Gross profit | $509.3K5 | $1.8M6 | $972.2K7 | $3.4M9 | $2.4M8 | $556.7K3 | $14.0K3 |
| Research and development | $828.0K5 | $1.6M6 | $520.7K7 | $332.7K9 | $1.1M8 | $732.0K3 | $816.6K3 |
| Selling, general and admin | $2.7M5 | $2.1M6 | $1.9M7 | $2.4M9 | $2.2M8 | $1.8M3 | $1.9M3 |
| Operating expenses | $2.7M3 | ||||||
| Operating income | -$3.0M5 | -$1.9M6 | -$1.5M7 | $617.7K9 | -$910.3K8 | -$2.0M3 | -$2.7M3 |
| Income tax | -$43.5K5 | $06 | $07 | $09 | $08 | $03 | $03 |
| Net income | -$2.5M5 | -$1.9M6 | -$1.5M7 | $631.4K10 | -$910.6K10 | -$1.1M4 | -$2.3M4 |
| Earnings per share | -$1.345 | -$1.046 | -$0.807 | $0.349 | -$0.498 | -$0.593 | -$1.263 |
| Earnings per share (diluted) | -$1.345 | -$1.046 | -$0.807 | $0.349 | -$0.498 | -$0.593 | -$1.263 |
| Shares (weighted, basic) | 1.9M shares3 | ||||||
| Shares (weighted, diluted) | 1.9M shares3 |
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash | $2.6M5 | $1.3M6 | $2.0M7 | $1.6M9 | $1.5M8 | $298.0K3 | $58.7K10 |
| Receivables | $010 | ||||||
| Inventory | $972.1K10 | ||||||
| Current assets | $4.9M5 | $3.9M6 | $4.1M7 | $2.9M9 | $2.7M8 | $1.9M3 | $1.7M10 |
| Property, plant and equipment | $10.1K10 | ||||||
| Total assets | $5.5M5 | $3.9M6 | $4.1M7 | $2.9M9 | $3.3M8 | $2.3M3 | $1.9M10 |
| Accounts payable | $257.2K10 | ||||||
| Current liabilities | $556.8K5 | $918.6K6 | $2.6M7 | $697.7K9 | $1.4M8 | $1.6M3 | $4.5M10 |
| Long-term debt | $150.0K9 | $150.0K8 | $149.8K10 | ||||
| Total liabilities | $4.7M10 | ||||||
| Retained earnings | -$7.3M10 | ||||||
| Shareholders’ equity | $4.9M5 | $3.0M6 | $1.5M7 | $2.2M9 | $1.4M8 | -$256.3K10 | -$2.8M10 |
| Shares outstanding | 1.8M shares12 | 1.8M shares5 | 1.9M shares7 | 1.9M shares7 | 1.9M shares9 | 1.9M shares8 | 1.9M shares10 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Cash from operations | -$953.7K5 | -$1.7M6 | $379.5K7 | -$372.8K9 | -$700.5K8 | -$2.7M3 | -$2.3M3 |
| Depreciation and amortization | $6.0K3 | ||||||
| Stock-based compensation | $51.7K3 | ||||||
| Capital spending | $31.0K5 | $3.6K6 | $43.7K7 | $16.2K9 | $3.4K8 | $03 | $13.0K3 |
| Free cash flow | -$984.7K | -$1.7M | $335.8K | -$389.0K | -$703.9K | -$2.7M | -$2.3M |
| Cash from investing | -$13.0K3 | ||||||
| Cash from financing | $2.0M3 |
What it owns
What TECHNICAL COMMUNICATIONS CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.6M3 Sep 24, 2022 | $4.5M3 Sep 25, 2021 | +0.3% |
| Accumulated depreciation | $4.5M3 Sep 24, 2022 | $4.5M3 Sep 25, 2021 | +0.1% |
| Property and equipment, net | $11.4K3 Sep 24, 2022 | $4.4K3 Sep 25, 2021 | +158.3% |
| Operating-lease assets (leased space) | $248.5K3 Sep 24, 2022 | $406.5K3 Sep 25, 2021 | −38.9% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $6.7K3 Sep 24, 2022 | $298.0K3 Sep 25, 2021 | −97.7% |
Inventory
Leadership
Who has led TECHNICAL COMMUNICATIONS CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
- Chief executive officerCarl H. Guild Jr. Feb 14, 2006 to Apr 15, 202213
Board members and other officers (6)
- Board memberRalph M. Norwood May 24, 2019 to Apr 15, 202214
- Board memberFrancisco F. Blanco Dec 7, 2011 to Apr 15, 202215
- Board memberCarl H. Guild Jr. Feb 14, 2006 to Apr 15, 202213
- Board memberMitchell Briskin Feb 14, 2006 to Feb 14, 201816
- Board memberRobert T. Lessard Feb 14, 2006 to May 9, 201117
- Board memberThomas E. Peoples Feb 14, 2006 to Apr 15, 202218
Timeline
- Sep 26, 20238-K Other events19
- May 9, 20238-K Results of operations20
- Mar 1, 20238-K Entered a material agreement; New debt or obligation21
- Feb 14, 20238-K Executive or director change; Shareholder vote22
- Feb 3, 20238-K Results of operations23
- Dec 14, 20228-K Results of operations24
- Aug 8, 20228-K Entered a material agreement25
- Aug 5, 20228-K Results of operations26
- May 6, 20228-K Results of operations27
- Apr 11, 20228-K Entered a material agreement28
- Feb 16, 20228-K Shareholder vote29
- Feb 4, 20228-K Results of operations30
- Feb 14, 2006New chief executive Carl H. Guild Jr. becomes CEO13
Calendar
When it reported results
- May 9, 2023Reported quarterly or annual results20
- Feb 3, 2023Reported quarterly or annual results23
- Dec 14, 2022Reported quarterly or annual results24
- Aug 5, 2022Reported quarterly or annual results26
- May 6, 2022Reported quarterly or annual results27
- Feb 4, 2022Reported quarterly or annual results30
- Dec 13, 2021Reported quarterly or annual results31
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
31 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 14 major events, 4 insider forms, 5 other. The latest 20:
- Sep 26, 20238-K EDGAR
- Sep 21, 202315-12G EDGAR
- Aug 8, 202310-Q EDGAR
- May 31, 2023SD EDGAR
- May 9, 20238-K EDGAR
- May 9, 202310-Q EDGAR
- Mar 1, 20238-K EDGAR
- Feb 14, 20238-K EDGAR
- Feb 7, 202310-Q EDGAR
- Feb 3, 20238-K EDGAR
- Jan 11, 2023DEF 14A EDGAR
- Dec 22, 202210-K EDGAR
- Dec 14, 20228-K EDGAR
- Aug 9, 202210-Q EDGAR
- Aug 8, 20228-K EDGAR
- Aug 5, 20228-K EDGAR
- May 31, 2022SD EDGAR
- May 10, 202210-Q EDGAR
- May 6, 20228-K EDGAR
- Apr 15, 20224 EDGAR
The 31 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
SEC filer profile
How TECHNICAL COMMUNICATIONS CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTECHNICAL COMMUNICATIONS CORP1
- CIK0000096699
- Employer ID (EIN)04-22950401
- Filer statusNon-accelerated filer<br>smaller reporting company1
- Incorporated inMassachusetts1
- Fiscal year endsSeptember 241
- Industry code (SIC)3663 Radio & Tv Broadcasting & Communications Equipment1
- Business address100 Domino Dr, Concord, MA 017421
- Mailing address100 Domino Drive, Concord, MA 01742-28921
- Phone97828751001
- Shares outstanding1,854,403 as of Aug 8, 20234
- Public float$2.3M as of Mar 25, 20223
- On EDGAR sinceJun 13, 19951
- Filings502 in all: 8-K (151), 4 (105), 10-Q (61), DEF 14A (28), 10QSB (24), 10-K (18), SC 13D/A (15), SC 13G/A (10)1
All 41 form types
SD (10), CT ORDER (9), S-8 (7), 10KSB (6), SC 13G (5), 10-Q/A (4), 10-K405 (3), 3 (3), DFAN14A (3), NT 10-K (3), NT 10-Q (3), PREC14A (3), PRER14A (3), S-8 POS (3), SC 13D (3), 4/A (2), 8-K/A (2), DEFA14A (2), PRRN14A (2), 10-K/A (1), 10-K405/A (1), 10KSB40 (1), 15-12G (1), 25-NSE (1), 424B3 (1), 8-A12B (1), CERTNAS (1), DEFC14A (1), DEFC14C (1), EFFECT (1), PRE 14A (1), S-3 (1), S-3/A (1)
- Latest filingsAnnual report (10-K) Dec 22, 2022
Quarterly report (10-Q) Aug 8, 2023
Proxy statement (DEF 14A) Jan 11, 2023
Latest 8-K (8-K) Sep 26, 2023
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13
- 14SEC EDGARRalph M. Norwood, Board member
- 15SEC EDGARFrancisco F. Blanco, Board member
- 16SEC EDGARMitchell Briskin, Board member
- 17SEC EDGARRobert T. Lessard, Board member
- 18SEC EDGARThomas E. Peoples, Board member
- 19SEC EDGAROther events
- 20SEC EDGARResults of operations
- 21
- 22
- 23SEC EDGARResults of operations
- 24SEC EDGARResults of operations
- 25SEC EDGAREntered a material agreement
- 26SEC EDGARResults of operations
- 27SEC EDGARResults of operations
- 28SEC EDGAREntered a material agreement
- 29SEC EDGARShareholder vote
- 30SEC EDGARResults of operations
- 31