Technical Communications Corporation (TCCO) 2005年年度报告「NASDAQ」.pdf

1、December 2005To Our Shareholders,Fiscal 2005 was a year of developing opportunities and mixed financial results for TCC.Revenues were adversely affected by delays in key programs,but operating costs continued to be under control,yielding a gross profit percentage which improved slightly over fiscal

2、2004 to 65%.However,profitably was essentially break-even,driven by the reduction in revenue and our increased investment in internal productdevelopment.TCCs efforts during fiscal 2005 were focused on positioning the company to grow in selected markets where our ability to provide customer-specific,

3、high-quality secure communication solutions is required.For the fiscal year ended September 24,2005,the company reported a net loss of$(30,000)or$(0.02)per share,as compared to a netincome of$1,134,000 or$0.84(undiluted)per share in the previous year.Revenues for fiscal 2005 were$3,721,000 as compar

4、ed to$4,876,000 for the previous year.In 2005,TCC launched a new product line,CipherTalk Secure Wireless cellular communications.The CipherTalk 8000 is TCCs first productoffering and provides our domestic and international users with a robust,high security mobile GSM telephone that uses a versatile

5、pocket PC as its platform.The CipherTalk 8000 is truly a world-wide phone capable of providing end-to-end secure communications and the virtually limitless features of a personal computer.The CipherTalk line of wireless products is intended to expand the offering for TCCs GovernmentSystems and Secur

6、e Office Systems business areas and we expect will be a platform for meeting customer specified secure wireless requirements.The CipherTalk product line also is expected to expand to include a traditional,landline telephone base station,secure text messaging and customer unique algorithm options.In