Note: The PR below is from 10/8/2015
Profits are always good but the real impetus for a rise in this stock will be their IFF Mode 5 test set.
Kind regards,
Minding
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Tel-Instrument Electronics Corp. Announces Record Second Quarter Revenues of $6.8 Million
Business Wire Tel-Instrument Electronics Corp.
October 8, 2015 5:00 PM
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EAST RUTHERFORD, N.J.--(BUSINESS WIRE)--
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 announced that preliminary unaudited revenues for the second quarter ending September 30, 2015 increased to a record $6.8 million, a 90% increase over the same quarter last year. Preliminary six months revenues increased to $12.7 million, representing an 89% increase over the same period last year.
Jeff O’Hara, Tel’s President and CEO noted, “Tel has done a solid job of driving revenues and profitability during the first half of this fiscal year. We have also made great strides improving our balance sheet. We continue to explore opportunities worldwide and to invest in research and development to position our products and services for future growth.”
About Tel-Instrument Electronics Corp.
Tel-Instrument is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defense markets. Tel-Instrument provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment. For further information please visit our website at www.telinstrument.com.
