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TELT: Tampa Business Journal news.
http://tampabay.bizjournals.com/tampabay/stories/2009/11/09/daily64.html?ana=yfcpc


Teltronics Inc. used a 75 percent revenue boost to push itself into the black in the third quarter.

The Sarasota telephone switching system developer reported a profit of $2.3 million, or 23 cents per share, in the quarter ended Sept. 30, compared with a $188,000, or 2 cents per share, loss the year before. That was on much stronger sales of $14.2 million — almost all coming on the heels of product sales and installation — compared with $8.1 million the year before.

The sales jump, Teltronics said in a filing with the Securities and Exchange Commission, was primarily the result of better sales of its 20-20 product, which offset slight deceases in the Intelligent Systems Management product market.

That now gives Teltronics a $4.5 million, or 48 cents per share, profit for the first three quarters on revenue of $35.6 million. The year before, Teltronics was operating on a $2.3 million, or 26 cents per share, loss on revenue of $26.2 million.

Teltronics (NASDAQ: TELT) shares were trading at $1.60, more than 83 percent better than their Wednesday close of 87 cents. The company’s shares have traded between 1 cent and $1.95 over the past year.