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.
TIC announces availability of the most advanced All-In-One avionics flight tester on the market
Tel-Instrument Electronics Corp. Reports Net Sales of $3.17 Million for Third Quarter 2022
Tel-Instrument Electronics Corp. Reports Net Sales
of $3.17 Million for Third Quarter 2022
East Rutherford, NJ – February 11, 2022 – Tel-Instrument Electronics Corp. (“Tel” or the “Company”) (OTCQB: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported net income of $195K ($0.04 per common share) on revenues of $3.17 million for the third quarter of fiscal year 2022 ended December 31, 2021.
of $3.17 Million for Third Quarter 2022
East Rutherford, NJ – February 11, 2022 – Tel-Instrument Electronics Corp. (“Tel” or the “Company”) (OTCQB: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported net income of $195K ($0.04 per common share) on revenues of $3.17 million for the third quarter of fiscal year 2022 ended December 31, 2021.