Tel-instrument Electronics Corp (TIK) Reports Q3 EPS of $0.24

Go back to Tel-instrument Electronics Corp (TIK) Reports Q3 EPS of $0.24

Tel-Instrument Electronics Corp. Reports Third Quarter Fiscal Year 2016 Financial Results

February 16, 2016 8:30 AM EST

Revenues for the Third Quarter 2016 increased 19% to $5.97 Million

Non-GAAP EBITDA Increases to $773,862 or $0.24 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 third quarter of fiscal year 2016 ended December 31, 2015.

Highlights

Revenues increased to $5.97 million, a 19% increase versus the comparable period of fiscal year 2015. Gross margins improved to 34%... More