Tel-instrument Electronics Corp (TIK) Reports Q2 EPS of $0.06
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Tel-Instrument Electronics Corp. Reports Second Quarter Fiscal Year 2016 Financial Results
November 16, 2015 7:30 AM ESTRevenues for the Second Quarter 2016 increased 90% to a record $6.8 Million
Non-GAAP EBITDA of $964,465, or $0.30 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 second quarter of fiscal year 2016 ended September 30, 2015.
Highlights
Revenues increased to $6.8 million, a 90% increase versus the comparable period of fiscal year 2015. Operating income increased to $916k, a $1.2 million improvement versus... More