Technical Communications Turns To Profit In Q1

(RTTNews) - Technical Communications Corp. (TCCO) said that its first quarter of its 2014 fiscal year net income was $184,000 or $0.10 per share, compared to a net loss of $310,000 or $0.17 per share in the year ago quarter.

Quarterly revenue improved to $2.51 million from last year's $1.60 million in the year ago quarter.

Carl Guild, Jr., President and Chief Executive Officer said,"Revenues for the balance of fiscal 2014 are difficult to predict due to delays in the award of certain foreign and domestic procurements currently in process. We nevertheless remain confident that the release of our new data and voice products will result in improved future revenue and profitability."