Tel-instrument Electronics Corp (TIK) Reports Q3 EPS of $0.04
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Tel-Instrument Electronics Corp. Reports Net Income of $142,000 or $0.04 per Basic Share for the Third Quarter of Fiscal 2017
February 14, 2017 8:30 AM ESTEAST 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 ended December 31, 2016.
Highlights for Third Quarter of Fiscal Year 2017
Revenues decreased 29% to $4.24 million from $5.97 million in the third quarter of fiscal year 2016. Gross margin percentage improved to 38.6% versus 34.1% for the comparable quarter in the previous year. Legal expenses for the quarter increased to... More