TCCO - Technical Communications Corporation
| Previous Close | 5.11 |
| Open | 5.06 |
| Bid | 0.00 x 800 |
| Ask | 6.50 x 800 |
| Day's Range | 5.01 - 5.19 |
| 52 Week Range | 1.81 - 10.49 |
| Volume | 64,498 |
| Avg. Volume | 682,069 |
| Market Cap | 9.465M |
| Beta (5Y Monthly) | 1.64 |
| PE Ratio (TTM) | 15.04 |
| EPS (TTM) | 0.34 |
| Earnings Date | Aug 08, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Dec 16, 2012 |
| 1y Target Est | N/A |
- InvestorPlace
Where Does Technical Communications Stock Go After Its 150% Gain?
You may not have heard of Technical Communications Corporation (NASDAQ:TCCO) until recently. However, the company has been in business since the late 1960s, providing communications security devices and systems. Its customers, over the years, have included governments, military agencies, telecom companies and banks, among others.Source: Shutterstock.com While TCCO has had a long history, the last decade was a rather lean one for the firm. From 2010 on, the stock lost as much as 90% of its value before the recent recovery. Between better operating results and the increase in military activity in the Middle East, however, things may be turning up for TCCO. Technical Communications Corporation: A Small PlayerTCCO is not a powerhouse technology firm. In fact, the company has less than $2 million of cash, and has generated less than $10 million in annual revenues for many years now.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe company is so diminutive in size, for example, that it borrowed $300,000 from its CEO, Carl Guild, in August for working capital purposes. The company repaid the CEO in September. Taking out loans of that size for a month is the sort of thing that mom and pop businesses do to make payroll, it's not such a common activity for Nasdaq-listed tech companies.There's nothing wrong with being a tiny business. But investors should be careful. Most businesses that small tend to be private; you pay a lot of costs and use a lot of management's time on compliance with fulfilling the requirements of being a public company. Companies this small don't tend to have a great track record historically compared to market indexes as a whole. TCCO stock in particular has traded publicly since 1983, when it went for $15 per share. Since then, it has lost the majority of its value, despite two phenomenal bull markets over that stretch. * 7 Stocks That Are Screaming Buys Right Now Also, consider TCCO's, research and development budget. It spent only $333,000 on R&D for fiscal year 2019. Needless to say, that's not the sort of spending level that will generate lots of new products or intellectual property going forward. Things May Be Turning Up2019 was TCCO's first big up year in awhile. In particular, last quarter was shockingly strong. The company announced revenues of $2.7 million for the quarter, and net income of $1 million. Given the company's microscopic outstanding share count, this translated into 56 cents of earnings per share. That's a stunning figure for a company that was trading at $2 prior to the news. Annualized, TCCO stock would be trading at just a couple times earnings if it can keep making similar quarterly profits going forward.However, it likely won't be that simple. It's unclear how much of TCCO's improved results were from one-time business and how much will be ongoing, though the company does note recurring revenue opportunities. The Iran FactorHistorically, TCCO has generated a substantial chunk of its revenues from sales to foreign governments and entities. It's worth noting that three of the company's four top foreign markets in 2018 and 2019 were in the Middle East, with TCCO counting Saudi Arabia, Egypt and Jordan as lead customers.Also, TCCO has benefited from past U.S. involvement in the Middle East. For example, the company routinely won contracts to provide parts for encrypted radios in Afghanistan. In a past press release, TCCO described the value of its DSP 9000 technology in the Afghan theater:"It also has the unique capability to securely connect allied forces across theaters on a global scale regardless of their communications equipment. With the DSP 9000, U.S. and NATO, and Afghan forces can communicate securely during tactical operations. The DSP 9000 has proven in-use performance with government agencies and armed forces around the world, including major deployments in the Middle East, Africa, Latin America and Southeast Asia."With all that in mind, the recent escalation of aggression between Iran and the U.S. could put TCCO stock into play. There could certainly be more demand for military radios if the situation in the Middle East becomes more violent. Notably, TCCO stock traded up from 50 cents per share at the outset of the Iraq War in March 2003 to $3 by the end of that year. History might repeat. * 10 2019 Winners That Will Be 2020 Losers TCCO Stock VerdictA lot of people are interested in TCCO stock because shares soared last month following the blockbuster earnings report. And it was truly a breathtaking move, to be certain. At this point, though, make sure you fully understand the risks before investing in the company.The business is tiny, with revenues coming in under $10 million a year. Between 2012 and 2018, it lost money each and every year as an operating business. For a tiny company like this with minimal analyst coverage, it's difficult to forecast whether this bump in revenues last quarter will be the start of a corporate turnaround, or simply one great quarter.TCCO could take off from here. But it could easily go back to making losses, and the share price would slump with it. And on a stock like this, once the short-term traders leave, liquidity dries up, making it difficult to exit your positions. Despite the big run-up in the share price last month, this is not an attractive stock for short-term trading, particularly if things cool back down overseas. If you buy, make sure you are comfortable with the firm's long-term prospects.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 of the Strangest Stocks Worth Your Time * 7 Stocks to Buy That Trump's Tax Cut Truly Rewarded * 5 Stocks That Could Double in 2020 The post Where Does Technical Communications Stock Go After Its 150% Gain? appeared first on InvestorPlace.
- GlobeNewswire
Technical Communications Corporation Reports Nasdaq Notifies Company of Compliance with Nasdaq Listing Rule
Technical Communications Corporation (TCCO) today announced that on December 18, 2019, Technical Communications Corporation (the “Company”) received correspondence from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”) confirming the Company has regained compliance with The Nasdaq Stock Market listing rule 5550 by the filing of Form 10-K for the fiscal year ended September 28, 2019, which reported over $500,000 in net income from continuing operations, as required by the Hearings Panel’s decision of October 14, 2019. Government entities, military agencies and corporate enterprises in 115 countries have selected TCC's proven security to protect their communications.
- MarketWatch
Technical Communications stock more than triples after swinging to profit
Shares of Technical Communications Corp. more than tripled on Tuesday, after the provider of secure communications systems for governments, military agencies and companies swung to a profit in its latest quarter from a loss a year ago. The Concord, Mass.-based company said late Monday it had net income of $1.03 million, or 56 cents a share, in its fourth quarter to Sept. 28, after a loss of $259,000, or 14 cents a share, in the year-earlier period. Revenue rose to $2.8 million from $1.1 million. FactSet analysts do not cover the stock, so there are no consensus numbers for the report. Chief Executive Carl Guild said in an earnings release that the return to profitability was driven by the delivery of several foreign and domestic contracts for the company's DSP 9000/HSE 6000 radio encryption products. Those products are used by military and law enforcement. The company said in May it had received $2.7 million of orders for the system from military supplier ADS Inc., to support a foreign military sales contract between the U.S. government and an unnamed Middle Eastern government. The stock was being touted Tuesday by traders in a chatroom on Twitter using the @TraderEquity handle, likely boosting volume. The stock was last up about 393% in heavy volume. As much as 20.9 million shares had changed hands by early afternoon, compared with a daily average of about 9,900 in the last 65 days. The stock has gained 266% in 2019, while the S&P 500 has gained 25%.
- GlobeNewswire
Technical Communications Corporation Reports Results for the Fiscal Year and Quarter Ended September 28, 2019
CONCORD, Mass., Dec. 09, 2019 -- Technical Communications Corporation (NasdaqCM: TCCO) today announced its results for the fiscal year and quarter ended September 28, 2019. For.
- GlobeNewswire
Technical Communications Corporation Reports Notice from Nasdaq Hearings Panel
Technical Communications Corporation (TCCO) today announced that on October 14, 2019, the Company received notice that the Nasdaq Hearings Panel (the “Panel”) of The Nasdaq Stock Market (“Nasdaq”) had granted the Company’s request for continued listing on Nasdaq until December 13, 2019, subject to certain conditions. Specifically, on or before December 13, 2019, the Company must file its Annual Report on Form 10-K for the fiscal year ended September 28, 2019, which shall report over $500,000 in net income from continuing operations in order to regain compliance. In order to fully comply with the terms of this exception, the Company must be able to demonstrate compliance with all requirements for continued listing on Nasdaq .
- GlobeNewswire
Technical Communications Corporation Reports Results for the Three and Nine Months Ended June 29, 2019
CONCORD, Mass., Aug. 09, 2019 -- Technical Communications Corporation (NasdaqCM: TCCO) today announced its results for the three and nine month periods ended June 29, 2019. For.
- GlobeNewswire
Technical Communications Corporation Reports Notice of Failure to Satisfy a NASDAQ Continued Listing Rule and Notice of Compliance with Listing Rule Relating to Filing of Required Reports
Technical Communications Corporation (TCCO) today announced that on June 25, 2019, the company received notice from the Nasdaq Listing Qualifications department of the Nasdaq Stock Market (“Nasdaq”) that because the company failed to maintain a minimum of $2,500,000 in stockholders’ equity, and since the company does not meet the alternatives of market value of listed securities or net income from continuing operations, the company no longer complies with Listing Rule 5550(b) for continued listing.
- GlobeNewswire
Technical Communications Corporation Completes Restatement of Prior Financial Statements; Files Form 10-K for the year ended September 29, 2018 and Forms 10-Q/A for Fiscal 2018; and Files Forms 10-Q for the quarters ended December 29, 2018 and March 30, 2019
CONCORD, Mass., June 21, 2019 -- Technical Communications Corporation (NasdaqCM: TCCO) today announced the filing of its Annual Report on Form 10-K for the fiscal year.
- GlobeNewswire
Technical Communications Corporation Announces orders valued at $2.7 Million to Secure Military Communications
Technical Communications Corporation (TCCO) today announced that it received orders valued at $2.7 million from ADS, Inc. for the company’s DSP9000 and HSE6000 encryption systems, training and support. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, “We are pleased that our customer has selected TCC systems to secure its military communications network. 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.
- GlobeNewswire
Technical Communications Corporation Reports Nasdaq Notice of Continued Noncompliance and Acceptance of Modified Plan to Regain Compliance with Nasdaq Listing Rule
Technical Communications Corporation (TCCO) today announced that on May 20, 2019, the Nasdaq Listing Qualifications department of the Nasdaq Stock Market notified the Company that it was not in compliance with Listing Rule 5250(c)(1) due to the company’s failure to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2019 as well as its continued failure to file its Annual Report on Form 10-K for the fiscal year ended September 29, 2018 and Quarterly Report on Form 10-Q for the quarter ended December 29, 2018. Nasdaq Listing Rule 5250(c)(1) requires companies with securities listed on Nasdaq to timely file all required periodic reports with the U.S. Securities and Exchange Commission.
- GlobeNewswire
Technical Communications Corporation Election of New Director
Technical Communications Corporation (TCCO) today announced the election of a new director, effective May 15, 2019. TCC is pleased to announce the election of Ralph M. Norwood to the Board of Directors, who will fill the vacancy created by the death of Mitchell B. Briskin, a much respected and valued member of the Board who passed away in May 2018. Mr. Norwood will complete the remainder of Mr. Briskin’s term, which expires at the 2019 Annual Shareholders Meeting, now expected to be held in August. Over his career, Mr. Norwood has held several executive-level positions focusing on financial management with both publicly-traded and privately-held companies.
- GlobeNewswire
Technical Communications Corporation Reports Nasdaq Acceptance of plan to regain compliance with Nasdaq Listing Rule
Technical Communications Corporation (TCCO) today announced that on March 11, 2019, the Nasdaq Listing Qualifications department of the Nasdaq Stock Market notified the Company that it had accepted the Company’s plan to regain compliance with Nasdaq Listing Rule 5250(c)(1), which permits the continued listing of the Company’s common stock on the Nasdaq Capital Market. 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.
- GlobeNewswire
Technical Communications Corporation Reports Notice of Failure to Satisfy a NASDAQ Continued Listing Rule
CONCORD, Mass., Feb. 22, 2019 -- Technical Communications Corporation (NasdaqCM: TCCO) today announced that on February 19, 2019, the company received notice from the Nasdaq.
