TCCO · Technical Communications Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | $7.02M | $3.73M |
| Cost of Revenue | - | $1.29M | $1.31M | $1.72M | $3.67M | $2.71M |
| Gross Profit | - | $14.0K | $556.7K | $2.38M | $3.36M | $972.2K |
| R&D | - | $816.6K | $732.0K | $1.07M | $332.7K | $520.7K |
| SG&A | - | $1.91M | $1.84M | $2.23M | $2.41M | $1.94M |
| Total Operating Expenses | - | $2.73M | $2.57M | $3.30M | $2.74M | $2.46M |
| D&A | - | $6.0K | $14.3K | $22.1K | $27.9K | $48.2K |
| Operating Income | - | ($2.72M) | ($2.02M) | ($911.1K) | $617.7K | ($1.49M) |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | - | $0 | $0 | $0 | $0 | $0 |
| Net Income | - | ($2.33M) | ($1.09M) | ($910.6K) | $631.4K | ($1.48M) |
| EPS - Basic | - | ($1.26) | ($0.59) | ($0.49) | $0.34 | ($0.80) |
| EPS - Diluted | - | ($1.26) | ($0.59) | ($0.49) | $0.34 | ($0.80) |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $58.7K | $6.7K | $298.0K | $1.51M | $1.59M | $1.98M |
| Accounts Receivable | $0 | $15.2K | $280.8K | $134.4K | $125.9K | $559.5K |
| Inventory | $972.1K | $966.2K | $1.16M | $902.1K | $1.04M | $1.37M |
| Accounts Payable | $257.2K | $159.4K | $105.7K | $66.2K | $355.2K | $188.0K |
| Current Assets | $1.70M | $1.69M | $1.91M | $2.70M | $2.88M | $4.05M |
| Total Assets | $1.91M | $1.95M | $2.32M | $3.28M | $2.92M | $4.10M |
| Current Liabilities | $4.50M | $3.65M | $1.57M | $1.36M | $697.7K | $2.57M |
| Long-term Debt | $149.8K | $150.0K | $150.0K | $150.0K | - | - |
| Total Liabilities | $3.89M | - | - | - | - | - |
| Stockholders' Equity | ($2.77M) | ($1.93M) | $344.4K | $1.36M | $2.22M | $1.53M |
| Retained Earnings | ($7.33M) | ($6.49M) | ($4.15M) | ($3.07M) | ($2.15M) | ($2.79M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | - | ($2.28M) | ($2.71M) | ($700.5K) | ($372.8K) | $379.5K |
| Investing Cash Flow | - | ($13.0K) | $0 | ($3.4K) | ($16.2K) | $306.3K |
| Financing Cash Flow | - | $2.00M | $1.49M | $624.4K | - | - |
| CapEx | - | $13.0K | $0 | $3.4K | $16.2K | $43.7K |
| Free Cash Flow | - | ($2.29M) | ($2.71M) | ($703.9K) | ($389.0K) | $335.8K |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | 47.8% | 26.1% |
| Operating margin | - | - | - | - | 8.8% | -40.0% |
| EBITDA margin | - | - | - | - | 9.2% | -38.7% |
| Net margin | - | - | - | - | 9.0% | -39.7% |
| Free cash flow margin | - | - | - | - | -5.5% | 9.0% |
| FCF / Net income | - | 0.98 | 2.49 | 0.77 | -0.62 | -0.23 |
| R&D / Revenue | - | - | - | - | 4.7% | 14.0% |
| SG&A / Revenue | - | - | - | - | 34.3% | 52.1% |
| Effective tax rate | - | - | - | - | 0.0% | - |
| Return on assets | - | -119.5% | -47.0% | -27.8% | 21.6% | -36.1% |
| Return on equity | - | 120.5% | -316.0% | -66.7% | 28.4% | -96.5% |
| Return on invested capital | - | - | -322.3% | -47.5% | - | - |
| Liquidity | ||||||
| Current ratio | 0.38 | 0.46 | 1.21 | 1.99 | 4.13 | 1.58 |
| Quick ratio | 0.16 | 0.20 | 0.48 | 1.32 | 2.63 | 1.04 |
| Cash ratio | 0.01 | 0.00 | 0.19 | 1.11 | 2.28 | 0.77 |
| Leverage | ||||||
| Debt / Equity | -0.05 | -0.08 | 0.44 | 0.11 | - | - |
| Debt / Assets | 0.08 | 0.08 | 0.06 | 0.05 | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | -0.69 | -1.01 | 6.73 | 2.40 | 1.31 | 2.68 |
| Liabilities / Assets | 2.03 | - | - | - | - | - |
| Efficiency | ||||||
| Asset turnover | - | - | - | - | 2.41 | 0.91 |
| Inventory turnover | - | 1.34 | 1.13 | 1.91 | 3.52 | 1.98 |
| Days sales outstanding | - | - | - | - | 7d | 55d |
| Days inventory outstanding | - | 273d | 323d | 191d | 104d | 184d |
| Days payable outstanding | - | 45d | 29d | 14d | 35d | 25d |
| Cash conversion cycle | - | - | - | - | 75d | 214d |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | - | - | - | - | 88.6% | 47.6% |
| Revenue CAGR (3y) | - | - | - | - | 40.7% | -14.4% |
| Revenue CAGR (5y) | - | - | - | - | 2.7% | -14.4% |
| Gross profit growth (YoY) | - | -97.5% | -76.7% | -29.0% | 245.4% | 90.9% |
| Operating income growth (YoY) | - | -34.7% | -121.4% | - | - | 50.2% |
| Net income growth (YoY) | - | -114.2% | -19.5% | - | - | 40.2% |
| EPS growth (YoY) | - | -113.6% | -20.4% | - | - | 40.3% |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | 15.3% | -284.4% | -80.9% | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -43.2% | - | -74.8% | -38.5% | 44.8% | -56.2% |
Stability scores
Piotroski F-score
FY 2023 · 9-point quality
1/9
Weak
- -Net income positive
- -Operating cash flow positive
- -ROA improved YoY
- -Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Radio & Tv Broadcasting & Communications Equipment
Comparing TECHNICAL COMMUNICATIONS CORP against the 5 most active filers in the same SIC group.