Technical Communications Q3 Loss Widens

(RTTNews) - Technical Communications Corp. (TCCO) Tuesday reported third-quarter net loss of $983 thousand or $0.54 per share, wider than last year's loss of $522 thousand or $0.28 per share last year.

For the quarter, revenues were $778 thousand, down from $970 thousand last year.

CEO Carl Guild said, "As indicated last quarter, delays in the receipt of certain foreign and domestic contracts continue to negatively impact our profitability. We are, however, optimistic about being awarded these contracts as certain current customers are planning significant expansions of their military communications networks, which the company expects will require additional equipment supplied by TCC."