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Tel-Instrument Electronics Corp. Reports Net Income of $272,000 or $0.08 per Basic Share for the Second Quarter of Fiscal 2017

Tel-Instrument Electronics Corp. Reports Net Income of $272,000 or $0.08 per Basic Share for the Second Quarter of Fiscal 2017

East Rutherford, NJ November 9, 2016 Tel-Instrument Electronics Corp. ( Tel , Tel-Instrument or the Company ) (NYSE MKT: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported its financial results for the second quarter ended September 30, 2016.

Highlights for Second Quarter of Fiscal Year 2017

Revenues decreased 25.6% to $5.08 million from $6.82 million in the second quarter of fiscal year 2016.

Gross margin percentage improved to 36.0% versus 32.9% for the comparable quarter in the previous year.

Legal expenses increased to $188k versus $108k in the year ago quarter.

Operating income decreased to $367k as compared to $916k in the second quarter of fiscal year 2016.

Non-GAAP Adjusted EBITDA was $411k as compared to $964k in the second quarter last year.

Pre-tax income in the second quarter of $382k versus $370k in the 2016 comparable period.

Net Income was $272k, or $0.08 per basic share versus $199k or $0.06 in the second quarter of 2016.

$1.8 million reduction in liabilities since March 31, 2016 including the satisfaction of the $720k BCA Mezzanine Fund LLP ( BCA ) warrant liability.

Tel-Instrument Electronics Corp. Reports Net Income of $410,000 or $0.13 per Share for the First Quarter of Fiscal 2017

Tel-Instrument Electronics Corp. Reports Net Income of $410,000 or $0.13 per Share for the First Quarter of Fiscal 2017



East Rutherford, NJ August 18, 2016 Tel-Instrument Electronics Corp. ( Tel , Tel-Instrument or the Company ) (NYSE MKT: TIK), a leading designer and manufacturer of avionics test and measurement solutions, today reported its financial results for the first quarter ended June 30, 2016.

Highlights for First Quarter of Fiscal Year 2017



Revenues decreased 8.6% to $5.34 million from $5.85 million in the first quarter of FY 2017.

Gross margin percentage improved to 35.1% versus 31.1% for the same quarter last year.

Gross margin increased to $1.88 million, a $61k improvement over the first quarter of 2016.

Operating income decreased to $380k as compared to $457k in the first quarter of FY 2016.

TR-36 Equivalency Specifications

July 25, 206

TO: All commercial operators of TIC T-30 and T-36 series NAV/COMM Ramp Testers

SUBJECT: New TIC TR-36 NAV/COMM Ramp Tester Equivalence to previous TIC units

fp masterTIC is proud to introduce the new TR-36 NAV/COMM Ramp Test set (TIC P/N 90000136) to the commercial aviation marketplace. This is a new product based on a proven hardware platform that TIC has supplied to the US military for the last several years. The software on the new TR-36 has been developed for the commercial avionics ramp test market with test capability for new and legacy avionics on today s aircraft.

The TR-36 electrical and RF specifications meet or exceed those of all previous TIC NAV/COMM testers, including the T-30 series (T-30C, T-30CM1, T-30CM2 and T-30D) and the T-36 series (T-36C and T-36M). It is a suitable and cost-effective equivalent for those models.

In addition, the TR-36 incorporates new features, including the ability to test 406 MHz ELTs and SELCAL radios.

The TR-36, TIC P/N 90000136, is a direct replacement for the T-30C, T-36C and T-36M products, which have been discontinued.

The new TR-36 is a software radio design that features extremely stable RF performance over temperature due to its self-calibrating design. It also has the capability for field software updates as the industry requirements evolve.

For further technical inquiries, please contact TIC Product Support at 201-933-1600 x 302 or www.telinst.com.

Chris Allen
Vice-President of Business Development
Tel-Instrument Electronics Corporation
1 Branca Road, East Rutherford, NJ 07073

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