Tel-instrument Electronics Corp (TIK) Swings to Q1 Profit
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Tel-Instrument Electronics Corp. Reports First Quarter Fiscal Year 2016 Financial Results
August 12, 2015 8:00 AM EDTRevenues for the First Quarter 2016 increased 87% to $5.8 Million
Basic Earnings per Share Increases to $0.09 for the Quarter from a Loss of $0.12 Last Year
Non-GAAP EBITDA of $506,000 or $0.16 per Share
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 reported its financial results for the first quarter of fiscal year 2016 ended June 30, 2015.
Highlights
Revenues increased to $5.8 million,... More