Tel-Instrument Electronics Corp. (TIKK)

[Minding]

Third Quarter Fiscal Year 2016 Financial Results

From http://finance.yahoo.com/news/tel-instrument-electronics-corp-reports-133000232.html

Highlights
Revenues increased to $5.97 million, a 19% increase versus the comparable period of fiscal year 2015.
Gross margins improved to 34% versus 31% in the comparable period of fiscal year 2015.
Operating income increased to $725k as compared to $226k in the third quarter of fiscal year 2015.
Non-GAAP EBITDA of $773,862 or $0.24 per share.
GAAP earnings per share of $0.07 per share, versus a loss of $0.01 per share in 2015.
Net working capital since the start of the fiscal year 2016 improved $1.6 million to $4.2 million.
Replaced our U.S. Army and U.S. Air Force outside marketing reps with internal resources to reduce commissions on the TS-4530A contract and drive future business with these key customers.