TIC announces the SDR-OMNI/MIL variation.
September 2023 AnnouncementTel-Instrument Electronics Corp. (TIC) has just released the SDR-OMNI/MIL. The Military version of the highly successful SDR-All-In-One Avionic Test Set. This unit keeps all of the standard avionics testing capabilities but also adds TACAN and ATC Modes 1 & 2. This model is a direct replacement for legacy Tel-Instrument T-47 Series and the IFR 4000 and 6015 Test Sets. Contained in a rugged Class 1 MIL-SPEC packaging for rugged use in all weather and conditions for the military applications.
Tel-Instrument Electronics Corp. Reports Net Income of $1.3 Million for FY 2022
East Rutherford, NJ – June 17, 2022 – Tel-Instrument Electronics Corp. (“Tel-Instrument,” “TIC,” or the “Company”) (OTCQB: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported net income of $1,309,738 or $0.30 per basic share and $0.26 per diluted share on revenues of $12.9 million for the 2022 fiscal year ended March 31, 2022.
Highlights include:
· Revenues for the fiscal year ended March 31, 2022, increased $1.4 million, or 12%, versus the prior fiscal year.
· Gross margins for the 2022 fiscal year were 44.6%, or a 3.3 percentage point improvement over the prior fiscal year.
Highlights include:
· Revenues for the fiscal year ended March 31, 2022, increased $1.4 million, or 12%, versus the prior fiscal year.
· Gross margins for the 2022 fiscal year were 44.6%, or a 3.3 percentage point improvement over the prior fiscal year.
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