Technical Communications Corporation (TCCO) 2004年年度报告「NASDAQ」.pdf

1、2004ANNUAL REPORTTECHNICAL COMMUNICATIONS CORPORATIONDecember 2004To Our Shareholders,Fiscal 2004 has been another successful year for TCC.Revenues have increased by 20%.Gross profit improved by 23%and profitability was sustained over nine consecutive quarters with FY04 earnings per share(undiluted)

2、of$0.84.During fiscal 2004,TCC has continued to make significant improvement in both our business base and our profitability.Increased revenueperformance is the result of our sales force working directly with key customers and representatives to establish new productapplications and expand follow-on

3、 sales with existing customers.Profitability is being driven by continued aggressive control of operating costs and increased sales of high margin products.For the year ended September 25,2004 the Company reported net income of$1,134,000 or$0.84 per share,as compared to a net income of$457,000 or$0.

4、34 per share in the previous year.Revenues for fiscal 2004 were$4,876,000 as compared to$4,051,000 for the previous year.TCC has three business areas,Government Systems,Office Systems and Network Systems.Each of which is providing high securitycommunications equipment,training and customer service t

5、hat is being tailored to meet the customers specific needs.Our product sales continue to be strong in the international markets where responsiveness to customer requirements,high confidence in overall system integrity and high reliability are important.TCC has focused an increased portion of its mar

6、ketingeffort on targeted opportunities where TCC can become the selected national supplier for encrypted communications.Expandingthis element of our business is intended to result in long term relationships that generate annual procurements and help stabilizethe often unpredictable sales timing.Duri