TMC Annual Reports
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The following links take you to scans of all of the company's annual reports. Currently the report from 1993 is missing; this report is welded shut thanks to water damage. If/when I get it repaired, I'll add the scan of this report as well.
TMC's corporate filings with the state of New York can be found here.
| Year | Major Events | Sales | Profit/Loss |
| 1959 | Initial Public Offering Sept 30, 1959. Production facilities tripled. Four new products. | $5.03M | $645K |
| 1960 | Opened office in Alexandria VA, introduced GPT-40K, DDR-5. Equipment in Arctic and added to manned space program | $6.65M | $960K |
| 1961 | Management team expanded to 17. Bill Pritchard becomes chief engineer. New offices opened in Florida and California. First international office added in Switzerland. GPT-200K shipped. TMC Systems plant opened in Garland TX. New plant opened in Nyack (Clarkstown), NY. TMC Power Systems opened in Alexandria. | $11.6M | $1.76M |
| 1962 | Clarkstown plant cranks out a transmitter in under 4 hours. Plants expanded in Canada, Virginia, and Texas. Work begun to double size of Clarkstown plant. | $22.1M | $3.46M |
| 1963 | TMC Research opened under J.K. Palmer in San Luis Obispo, CA. Company now has 9 subsidiaries. Company now has 240 products, shipped to over 100 countries. | $28.4M | $2.22M |
| 1964 | Technimatic products introduced, allowing transmitters and receivers to be operated remotely. GPR-92 introduced. Training school moved to Clarkstown facility. New plant built for TMC Power Distribution. TTRT, first solid-state transceiver introduced. | $29.4M | $2.43M |
| 1965 | Sharp drop in income/profit chalked up to lower government demand and increasing competition. | $18.4M | $37.2K |
| 1966 | Bill Gallione (Exec VP and company founder) retires and is replaced by George Dixon, retired Navy. New building in Springfield, VA. MMX and several other solid-state radios introduced. New 2.5KW solid-state transmitter introduced. GPT-10K installed at WWV, Ft Collins, CO. TMC equipment installed in Super Constellation to provide radio/tv transmission flying off coast of Vietnam. | $22.1M | $377K |
| 1967 | GPR-10 is introduced, though possibly never sold. New automated version of GPT-10K introduced. New broadcast transmitter introduced with MMX exciter. Transportable VLH 200KW transmitter, van-mounted, introduced. TMC Systems in Arizona established to build xtal filters. Company now offers over 300 products. | $24.6M | $620K |
| 1968 | Govt programs severely curtailed or stretched out. Company attempts to enter avionics and marine communications market. DDR-10 (FRR-85) introduced. Company discusses sale of TMC Systems and Power Corp, which showed a net loss. | $17.4M | ($603K) |
| 1969 | Discussions about sale of Power Corp discontinued, and division reorganized. HFT-10K transmitter, STR-5 strip receiver, and SBG-4 exciter introduced. | $10.9M | ($58K) |
| 1970 | Strong losses blamed on rising costs and almost complete cessation of government business. Deliveries of FRR-85 begin in November 1969. | $7.85M | ($1.55M) |
| 1971 | Company writes off 44% of its inventory. Settlement of suit by Lockheed Aircraft costs $0.25M. Property in VA sold. Company is de-listed. | $9.35M | ($1.24M) |
| 1972 | Doug Carroll, company founder, dies; TMC Canada taken over by Harry Hargreaves. Lawsuit with Navy settled in TMC's favor. | $5.52M | ($1.54M) |
| 1973 | Management writes off slow-moving merchandise, TMC Systems building costs, and loss on US govt generator contract. Company buys stock to allow small stockholders to sell their shares. | $3.86M | ($2.50M) |
| 1974 | Consolidation and streamlining cut losses. VA plant is rented, cutting losses. GPR-110 is introduced. | $6.05M | ($190K) |
| 1975 | Company resolves a strike, increased costs of labor and operations affects bottom line. Consolidation of Canada and Swiss operations reduce costs New transportable 1KW transmitter, new 40KW transmitter introduced. | $5.42M | $76K |
| 1976 | TMC Systems in Arizona put up for sale. Company takes a loss from repairs to equipment shipped in 74-75 that failed to operate satisfactorily. | $2.93M | ($696K) |
| 1977 | MMX-2B, remote controlled 10KW transmitter, ATU-1K8 introduced. Despite "vigorous" efforts to produce a profit, adverse conditions and rising costs blamed for loss. | $2.17M | ($784K) |
| 1978 | Annual report delayed due to strike. Employees' savings trust plan terminated. Swiss office closed. | $2.35M | ($651K) |
| 1979 | Eugene Hofmann brought in as president; Ray de Pasquale remains chairman of board. Arizona office sold. | $1.74M | ($272K) |
| 1980 | Hofmann settles union contract issues and increases sales. TTR-1000 synthesized transceiver, and several new antenna couplers introduced. | $2.93M | $223K |
| 1981 | TMC Systems and Power Corp written off. | $2.34M | $92K |
| 1982 | TMC performs "rehab" program for Navy of older TMC equipment. | $3.45M | $155K |
| 1983 | Hofmann touts 4 years of cost-cutting and consolidation for profit, which includes sale of Telecom Realty Corp and TMC Canada. | $2.90M | $579K |
| 1984 | TMC sells one of its buildings. Parts shortages delay shipments. | $1.98M | $392K |
| 1985 | Predicted defense dept cuts; increased interest in non-gov and foreign sales. Company explores systems design activities using other manufacturers' equipment. MMX-4 introduced. | $2.27M | $11K |
| 1986 | Hofmann leaves company. Neil de Pasquale assumes presidency. Company introduces RMC-10 microcomputer. | $1.17M | ($827K) |
| 1987 | Company installs new computer system to oversee operations. TMC attempts to sell software developed for their internal systems. | $1.17M | $67K |
| 1988 | $834K | ($170K) | |
| 1989 | $686K | ($241K) | |
| 1990 | $1.12M | ($532K) | |
| 1991 | $723K | ($782K) | |
| 1992 | $601K | ($905K) | |
| 1993 | $314K | ($904K) | |
| 1994 | Ray de Pasquale, company founder dies on Feb 19. Neil and Frank Budetti are remaining company officers and directors. Neil issues a final and bleak assessment of company's prospects. | $244K | ($947K) |