Investor Relations
Tel-Instrument Electronics Corp. Reports Financial Results For First Quarter FY 2025
Tel-Instrument Electronics Corp. Reports Financial Results
For First Quarter FY 2025
East Rutherford, NJ – August 14, 2024 – 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 a net income of $42K ($0.02) per basic and per diluted share, on revenues of $2.8 million for the first quarter of 2025 fiscal year, ended June 30, 2024.
Notes On First Quarter:
· Revenues for the first quarter were $2.8 million, as compared to $2.9 million in the year-ago quarter.
· The gross margin percentage decreased to 26% versus 45% the year-ago period due to low margin CRAFT ECP invoices.
· Operating expenses decreased by $200K, a 23% decline versus the year ago level as a result of funded engineering projects.
· Net income was $42K or $(0.02) per share, compared to net income of $295K or $0.07 per share in the year-ago quarter.
· CRAFT ECP Test Readiness Review (“TRR”) was completed in April 2024.
· Bookings backlog was $7 million at the end of the first quarter.
For First Quarter FY 2025
East Rutherford, NJ – August 14, 2024 – 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 a net income of $42K ($0.02) per basic and per diluted share, on revenues of $2.8 million for the first quarter of 2025 fiscal year, ended June 30, 2024.
Notes On First Quarter:
· Revenues for the first quarter were $2.8 million, as compared to $2.9 million in the year-ago quarter.
· The gross margin percentage decreased to 26% versus 45% the year-ago period due to low margin CRAFT ECP invoices.
· Operating expenses decreased by $200K, a 23% decline versus the year ago level as a result of funded engineering projects.
· Net income was $42K or $(0.02) per share, compared to net income of $295K or $0.07 per share in the year-ago quarter.
· CRAFT ECP Test Readiness Review (“TRR”) was completed in April 2024.
· Bookings backlog was $7 million at the end of the first quarter.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
For the fiscal year ended March 31, 2024
Tel-Instrument Electronics Corp. Reports Financial Results For Fiscal Year 2024
Tel-Instrument Electronics Corp. Reports Financial Results
For Fiscal Year 2024
For Fiscal Year 2024
East Rutherford, NJ – June 28, 2024 – 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 a net income of $342K on revenues of $8.8 million for the 2024 fiscal year ended March 31, 2024.
Tel-Instrument 8-K 06-13-24
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June, 13 2024
TEL-INSTRUMENT ELECTRONICS CORP.
(Exact name of registrant as specified in its charter)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June, 13 2024
TEL-INSTRUMENT ELECTRONICS CORP.
(Exact name of registrant as specified in its charter)
| New Jersey |
001-31990 |
22-1441806 |
| (State or other Jurisdiction of Incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
Airbus Press Release 6-12-24
Tel-Instrument Electronics Corp. Reports
Selection of the SDR-OMNI Test Set by AIRBUS
East Rutherford, NJ – June 12, 2024 – Tel-Instrument Electronics Corp. (“Tel-Instrument,” “TIC,”) (OTCQB: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, reported the receipt of an initial order from Muirhead, our European distributer, for the new “all-in-one” SDR-OMNI flight-line test set. These units will be sold to Airbus for use in their world-wide manufacturing operations.
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