<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A-1
(Mark One)
X Quarterly report pursuant to Section 13 or 15(d) of the
______ Securities Exchange Act of 1934 for the quarterly period ended
December 28, 1996 or
______ Transition report pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934 for the transition period
___________________ to __________________
Commission File Number: 0-8588
TECHNICAL COMMUNICATIONS CORPORATION
____________________________________
(Exact name of registrant as specified in its charter)
Massachusetts 04-2295040
________________________________________ ______________________
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Idenitifcation Number)
100 Domino Drive, Concord, MA 01742-2892
________________________________________ ______________________
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (508) 287-5100
____________________
N/A
____________________________________________________
(Former name, former address and formal fiscal year,
if changed since last report)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act
of 1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days.
Yes X No
_______ _______
Indicate the number of shares outstanding of each of the issuer's classes
of common stock, as of the latest practicable date. Number of shares of
Common Stock, $.10 par value, outstanding as of January 29, 1997:
1,266,203.
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PART I. Financial Information - Item 1. Financial Statements
TECHNICAL COMMUNICATIONS CORPORATION AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
<TABLE>
<CAPTION>
December 28, 1996 September 28, 1996
(Unaudited)
_________________ __________________
<S> <C> <C>
Assets
______
Current Assets: $ 4,531,905 $ 6,381,026
Cash and cash equivalents
Accounts receivable - trade, less
allowance for doubtful accounts of
$53,707 at 12/28/96 and 9/28/96 3,112,004 3,219,124
Inventories (Note 2) 3,271,625 2,615,772
Other current assets 180,548 199,122
____________ ____________
Total current assets $ 11,096,082 $ 12,415,044
____________ ____________
Equipment and leasehold improvements 4,246,909 4,223,816
Less: accumulated depreciation and
amortization 2,791,981 2,646,683
____________ ____________
1,454,928 1,577,133
____________ ____________
Goodwill 1,614,131 1,614,131
Less: accumulated amortization 340,351 286,623
____________ ____________
1,273,780 1,327,508
Other assets 731,483 680,348
____________ ____________
$ 14,556,273 $ 16,000,033
____________ ____________
Liabilities and Stockholders' Equity
____________________________________
Current Liabilities:
Accounts payable $ 1,245,155 $ 504,860
Long-term debt - current portion
(Note 3) 674,663 1,145,175
Accrued liabilities:
Compensation and related expenses 344,394 597,938
Other 1,690,281 2,019,303
____________ ____________
Total current liabilities $ 3,954,493 $ 4,267,276
____________ ____________
Long-term debt - current portion
(Note 3) --- 1,200,000
Stockholders' Equity
Common stock, par value $.10 per
share; authorized 3,500,000 shares;
issued and outstanding 1,266,203
shares at 12/28/96 and 1,264,496
shares at 9/28/96 126,620 126,450
Treasury stock at cost, 10,000 shares (80,000) (80,000)
Additional paid-in capital 1,486,033 1,473,643
ESOP deferred compensation (Note 3) (674,663) (695,175)
Retained earnings 9,743,790 9,707,839
____________ ____________
Total stockholders' equity $ 10,601,780 $ 10,532,757
____________ ____________
$ 14,556,273 $ 16,000,033
____________ ____________
</TABLE>
The accompanying notes are an integral part of these condensed consolidated
financial statements.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
TECHNICAL COMMUNICATIONS CORPORATION
______________________________________
(Registrant)
February 7, 1997 By: /s/ Roland S. Gerard
________________ ________________________________
Date ROLAND S. GERARD, PRESIDENT
AND CHIEF EXECUTIVE OFFICER
February 7, 1997 By: /s/ Graham R. Briggs
________________ ________________________________
Date GRAHAM R. BRIGGS, VICE PRESIDENT
OF FINANCE AND CHIEF ACCOUNTING
OFFICER
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