Investor Relations
Tel-Instrument Electronics Corp. Reports $535k Test Set Order And Bookings of $19.4 Million for the Last 12 Months
Tel-Instrument Electronics Corp. Reports $535k Test Set Order
And Bookings of $19.4 Million for the Last 12 Months
East Rutherford, NJ – September 19, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (OTC: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported a Mode 5 test set order of $535k from the U.S. military which brings bookings to date for the second quarter to $4.6 million and orders for the last 12 months to $19.4 million.
And Bookings of $19.4 Million for the Last 12 Months
East Rutherford, NJ – September 19, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (OTC: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported a Mode 5 test set order of $535k from the U.S. military which brings bookings to date for the second quarter to $4.6 million and orders for the last 12 months to $19.4 million.
Tel-Instrument Electronics Corp. Receives $1.48 Million Follow-On Mode 5 Test Set Order for the German Military
East Rutherford, NJ – August 26, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (OTC: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported that it received a follow-on purchase order totaling $1.48 million from its European Distributor, Muirhead Avionics (“Muirhead”) for Mode 5 test sets from the contract awarded by the German military. This order is part of a seven-year procurement contract with anticipated orders for the 2019 calendar year estimated at $3.5 million.
Tel-Instrument Electronics Corp. Reports Improved Financial Results for First Quarter 2020
Tel-Instrument Electronics Corp. Reports Improved Financial Results for First Quarter 2020
East Rutherford, NJ – August 14, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (OTC: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported net income of $258k on revenues of $3.3 million for the first quarter of fiscal year 2020 ending June 30, 2019.
East Rutherford, NJ – August 14, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (OTC: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported net income of $258k on revenues of $3.3 million for the first quarter of fiscal year 2020 ending June 30, 2019.
Tel-Instrument Electronics Corp. Reports $639K Of Net Income for Third Quarter of FY 2019
Tel-Instrument Electronics Corp. Reports $639K Of
Net Income for Third Quarter of FY 2019
East Rutherford, NJ – February 8, 2018 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today announced its financial results for the third quarter of fiscal year 2019.
Highlights for Third Quarter of Fiscal Year 2019
Net Income for Third Quarter of FY 2019
East Rutherford, NJ – February 8, 2018 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today announced its financial results for the third quarter of fiscal year 2019.
Highlights for Third Quarter of Fiscal Year 2019
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Revenues increased 51% to just under $4 million from $2.6 million as compared to the same 2018 fiscal quarter. |
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Total orders for the quarter increased to $9.7 million and backlog at December 31, 2018 increased to almost $7 million. |
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Gross profit as a percentage of sales increased to 49.5% versus 35.7% as compared to the same 2018 fiscal quarter. |
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Operating profit improved to $757k as compared to an operating loss of $293k for the same 2018 fiscal quarter. |
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Net income improved to $639k as compared to a net loss of $333k for the third quarter in the same 2018 fiscal year. |
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Net income attributable to common shareholders included a one-time deemed dividend charge of $420k incurred as a result of the Series B Preferred Convertible Stock issuance. This non-cash charge had no impact on stockholders’ equity. |
Tel-Instrument Electronics Corp. Receives Initial $520,000 Mode 5 Test Set Order for the German Military
Tel-Instrument Electronics Corp. Receives Initial $520,000
Mode 5 Test Set Order for the German Military
East Rutherford, NJ – February 7, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported that it received an initial purchase order totaling $520,000 from its European Distributor, Muirhead Avionics (“Muirhead”) for Mode 5 test sets from the contract awarded by the German military. This is a seven-year procurement contract with anticipated orders for the 2019 calendar year of approximately $3.5 million in total.
Mode 5 Test Set Order for the German Military
East Rutherford, NJ – February 7, 2019 – Tel-Instrument Electronics Corp. (“Tel”, “Tel-Instrument” or the “Company”) (NYSE American: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported that it received an initial purchase order totaling $520,000 from its European Distributor, Muirhead Avionics (“Muirhead”) for Mode 5 test sets from the contract awarded by the German military. This is a seven-year procurement contract with anticipated orders for the 2019 calendar year of approximately $3.5 million in total.
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