The company has posted net sales of $1.2 million for the fourth quarter of fiscal 2008, compared to $1.75 million in the comparable period of fiscal 2007.
For the fiscal year ended September 27, 2008, the company the company reported revenue of $6.85 million and net income of $1.06 million, or $0.75 per basic share, as compared to revenue of $4.92 million and net income of $846,000, or $0.62 per basic share, for fiscal 2007.
Carl Guild, Jr, president and CEO of Technical Communications Corporation (TCC), said: TCC’s performance for fiscal 2008 exceeded performance for fiscal 2007 both in terms of revenue and profit. Revenue increased by almost 40% while profits increased by 25%. These numbers are the result of TCC’s aggressive pursuit of international markets which require the high quality communications security offered by our products.
