Tel Instrument Electronics Financials
This page shows Tel Instrument Electronics (TIKK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Tel Instrument Electronics has an operating margin of 8.4%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is up from -10.4% the prior year.
Tel Instrument Electronics's revenue grew a modest 2.1% year-over-year to $8.8M. This slow but positive growth earns a score of 34/100.
Tel Instrument Electronics carries a low D/E ratio of 0.57, meaning only $0.57 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.62, Tel Instrument Electronics holds $2.62 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.
While Tel Instrument Electronics generated -$6.4M in operating cash flow, capex of $34K consumed most of it, leaving -$6.4M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Tel Instrument Electronics generates a 5.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 20/100.
Tel Instrument Electronics scores 2.38, placing it in the grey zone between 1.81 and 2.99. The score is driven primarily by a large market capitalization ($10.6M) relative to total liabilities ($3.9M). This signals moderate financial risk that warrants monitoring.
Tel Instrument Electronics passes 7 of 9 financial strength tests. 2 of 4 profitability signals pass, all 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Tel Instrument Electronics generates $-18.74 in operating cash flow (-$6.4M OCF vs $342K net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Tel Instrument Electronics earns $10.5 in operating income for every $1 of interest expense ($737K vs $70K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Tel Instrument Electronics generated $8.8M in revenue in fiscal year 2024. This represents an increase of 2.1% from the prior year.
Tel Instrument Electronics's EBITDA was $783K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 193.0% from the prior year.
Tel Instrument Electronics generated -$6.4M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 274.3% from the prior year.
Tel Instrument Electronics reported $342K in net income in fiscal year 2024. This represents an increase of 188.0% from the prior year.
Tel Instrument Electronics earned $0.00 per diluted share (EPS) in fiscal year 2024. This represents an increase of 100.0% from the prior year.
Tel Instrument Electronics held $132K in cash against $0 in long-term debt as of fiscal year 2024.
Tel Instrument Electronics had 3M shares outstanding in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Tel Instrument Electronics's gross margin was 45.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 10.3 percentage points from the prior year.
Tel Instrument Electronics's operating margin was 8.4% in fiscal year 2024, reflecting core business profitability. This is up 18.8 percentage points from the prior year.
Tel Instrument Electronics's net profit margin was 3.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 8.4 percentage points from the prior year.
Tel Instrument Electronics's ROE was 5.0% in fiscal year 2024, measuring profit generated per dollar of shareholder equity.
Tel Instrument Electronics invested $1.2M in research and development in fiscal year 2024. This represents a decrease of 36.3% from the prior year.
Tel Instrument Electronics invested $34K in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 29.5% from the prior year.
TIKK Income Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.0M+67.2% | $1.8M-37.5% | $2.8M+18.3% | $2.4M+53.5% | $1.6M-45.4% | $2.9M+23.1% | $2.3M+15.7% | $2.0M |
| Cost of Revenue | $2.3M+48.9% | $1.6M-25.1% | $2.1M+46.1% | $1.4M+19.0% | $1.2M-23.3% | $1.6M+9.6% | $1.4M-1.7% | $1.5M |
| Gross Profit | $634K+206.6% | $207K-72.3% | $746K-23.0% | $968K+169.3% | $359K-72.2% | $1.3M+44.9% | $894K+61.5% | $553K |
| R&D Expenses | $608K-7.3% | $656K+398.4% | $132K-57.1% | $307K-3.5% | $318K+9.8% | $289K-21.9% | $371K-39.2% | $610K |
| SG&A Expenses | $601K+9.2% | $550K+1.5% | $542K+30.9% | $414K-20.5% | $521K-10.9% | $585K-0.7% | $589K+22.9% | $479K |
| Operating Income | -$575K+42.5% | -$1000K-1489.8% | $72K-70.9% | $247K+151.6% | -$479K-214.1% | $420K+736.5% | -$66K+87.7% | -$535K |
| Interest Expense | $0 | $0-100.0% | $18K | $0-100.0% | $128K+853.5% | $13K | N/A | N/A |
| Income Tax | -$146K+32.6% | -$217K-2028.2% | $11K-87.6% | $90K+152.2% | -$173K-315.1% | $81K-22.8% | $104K+182.2% | -$127K |
| Net Income | -$456K+44.0% | -$815K-2028.1% | $42K-68.4% | $134K+130.7% | -$435K-247.4% | $295K-24.8% | $393K+182.2% | -$477K |
| EPS (Diluted) | $-0.17+39.3% | $-0.28-1300.0% | $-0.02-200.0% | $0.02+112.5% | $-0.16-366.7% | $0.06-25.0% | $0.08+147.1% | $-0.17 |
TIKK Balance Sheet
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $9.6M-6.2% | $10.2M-8.3% | $11.1M+10.5% | $10.1M+1.8% | $9.9M-37.2% | $15.8M+4.3% | $15.1M+3.7% | $14.6M |
| Current Assets | $5.5M-11.5% | $6.3M-14.8% | $7.3M+23.0% | $6.0M+5.8% | $5.6M-51.6% | $11.6M+7.2% | $10.9M+6.9% | $10.2M |
| Cash & Equivalents | $193K-20.5% | $242K+62.1% | $150K-32.3% | $221K-38.1% | $357K-92.1% | $4.5M+37.6% | $3.3M-4.2% | $3.4M |
| Inventory | $4.0M-19.7% | $5.0M-4.2% | $5.2M+20.6% | $4.3M+5.3% | $4.1M+13.8% | $3.6M+8.9% | $3.3M+12.8% | $2.9M |
| Accounts Receivable | $1.1M+39.9% | $814K-53.9% | $1.8M+49.9% | $1.2M+24.9% | $942K-23.9% | $1.2M-2.6% | $1.3M-11.5% | $1.4M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $3.9M-4.5% | $4.1M-2.7% | $4.2M+18.6% | $3.6M+1.1% | $3.5M-63.5% | $9.7M+4.5% | $9.3M+1.5% | $9.1M |
| Current Liabilities | $2.9M-3.9% | $3.0M-1.4% | $3.0M+35.5% | $2.2M+5.0% | $2.1M-74.1% | $8.2M+6.6% | $7.7M+2.9% | $7.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | $53K | N/A | N/A |
| Total Equity | $5.6M-7.3% | $6.1M-11.8% | $6.9M+6.1% | $6.5M+2.1% | $6.4M+4.7% | $6.1M+4.0% | $5.8M+7.3% | $5.4M |
| Retained Earnings | -$7.2M-6.7% | -$6.8M-13.7% | -$6.0M+6.1% | -$6.4M+2.1% | -$6.5M-7.2% | -$6.1M+3.6% | -$6.3M+5.9% | -$6.7M |
TIKK Cash Flow Statement
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$85K-196.3% | $88K+123.5% | -$373K-177.0% | -$135K+98.0% | -$6.9M-1075.3% | $706K+572.7% | -$149K+81.6% | -$813K |
| Capital Expenditures | $0 | $0 | $0-100.0% | $1K-91.8% | $18K+31.4% | $14K+349.9% | -$6K-559500.0% | -$1 |
| Free Cash Flow | -$85K-196.3% | $88K+123.5% | -$373K-173.9% | -$136K+98.0% | -$6.9M-1097.7% | $692K+546.6% | -$155K+80.9% | -$813K |
| Investing Cash Flow | $0 | $0 | $0+100.0% | -$1K+91.8% | -$18K-31.4% | -$14K-349.9% | $6K+559500.0% | $1 |
| Financing Cash Flow | $35K+600.0% | $5K-98.7% | $391K | $0-100.0% | $721K | $0 | $0 | $0 |
| Dividends Paid | $0 | N/A | N/A | $0 | N/A | $0 | $0 | $0 |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
TIKK Financial Ratios
| Metric | Q3'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 21.3%+9.7pp | 11.6%-14.6pp | 26.2%-14.0pp | 40.3%+17.3pp | 23.0%-22.2pp | 45.1%+6.8pp | 38.4%+10.9pp | 27.5% |
| Operating Margin | -19.3%+36.9pp | -56.2%-58.8pp | 2.5%-7.8pp | 10.3%+40.9pp | -30.6%-45.3pp | 14.7%+17.5pp | -2.8%+23.8pp | -26.6% |
| Net Margin | -15.4%+30.5pp | -45.8%-47.3pp | 1.5%-4.1pp | 5.6%+33.4pp | -27.8%-38.1pp | 10.3%-6.6pp | 16.9%+40.6pp | -23.7% |
| Return on Equity | N/A | N/A | 0.6%-1.4pp | 2.1% | N/A | 4.9%-1.9pp | 6.7% | N/A |
| Return on Assets | -4.8%+3.2pp | -8.0%-8.3pp | 0.4%-0.9pp | 1.3%+5.7pp | -4.4%-6.3pp | 1.9%-0.7pp | 2.6%+5.9pp | -3.3% |
| Current Ratio | 1.93-0.2 | 2.09-0.3 | 2.42-0.2 | 2.66+0.0 | 2.65+1.2 | 1.420.0 | 1.41+0.1 | 1.35 |
| Debt-to-Equity | 0.70+0.0 | 0.68+0.1 | 0.62+0.1 | 0.550.0 | 0.56-1.0 | 1.590.0 | 1.59-0.1 | 1.68 |
| FCF Margin | -2.9%-7.8pp | 4.9%+18.1pp | -13.1%-7.5pp | -5.7%+435.6pp | -441.3%-465.5pp | 24.1%+30.8pp | -6.7%+33.8pp | -40.4% |
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Frequently Asked Questions
What is Tel Instrument Electronics's annual revenue?
Tel Instrument Electronics (TIKK) reported $8.8M in total revenue for fiscal year 2024. This represents a 2.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Tel Instrument Electronics's revenue growing?
Tel Instrument Electronics (TIKK) revenue grew by 2.1% year-over-year, from $8.6M to $8.8M in fiscal year 2024.
Is Tel Instrument Electronics profitable?
Yes, Tel Instrument Electronics (TIKK) reported a net income of $342K in fiscal year 2024, with a net profit margin of 3.9%.
What is Tel Instrument Electronics's earnings per share (EPS)?
Tel Instrument Electronics (TIKK) reported diluted earnings per share of $0.00 for fiscal year 2024. This represents a 100.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Tel Instrument Electronics's EBITDA?
Tel Instrument Electronics (TIKK) had EBITDA of $783K in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Tel Instrument Electronics's gross margin?
Tel Instrument Electronics (TIKK) had a gross margin of 45.6% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Tel Instrument Electronics's operating margin?
Tel Instrument Electronics (TIKK) had an operating margin of 8.4% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Tel Instrument Electronics's net profit margin?
Tel Instrument Electronics (TIKK) had a net profit margin of 3.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Tel Instrument Electronics's return on equity (ROE)?
Tel Instrument Electronics (TIKK) has a return on equity of 5.0% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Tel Instrument Electronics's free cash flow?
Tel Instrument Electronics (TIKK) generated -$6.4M in free cash flow during fiscal year 2024. This represents a -274.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Tel Instrument Electronics's operating cash flow?
Tel Instrument Electronics (TIKK) generated -$6.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Tel Instrument Electronics's total assets?
Tel Instrument Electronics (TIKK) had $10.8M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Tel Instrument Electronics's capital expenditures?
Tel Instrument Electronics (TIKK) invested $34K in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How much does Tel Instrument Electronics spend on research and development?
Tel Instrument Electronics (TIKK) invested $1.2M in research and development during fiscal year 2024.
How many shares does Tel Instrument Electronics have outstanding?
Tel Instrument Electronics (TIKK) had 3M shares outstanding as of fiscal year 2024.
What is Tel Instrument Electronics's current ratio?
Tel Instrument Electronics (TIKK) had a current ratio of 2.62 as of fiscal year 2024, which is generally considered healthy.
What is Tel Instrument Electronics's debt-to-equity ratio?
Tel Instrument Electronics (TIKK) had a debt-to-equity ratio of 0.57 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Tel Instrument Electronics's return on assets (ROA)?
Tel Instrument Electronics (TIKK) had a return on assets of 3.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Tel Instrument Electronics's cash runway?
Based on fiscal year 2024 data, Tel Instrument Electronics (TIKK) had $132K in cash against an annual operating cash burn of $6.4M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Tel Instrument Electronics's Altman Z-Score?
Tel Instrument Electronics (TIKK) has an Altman Z-Score of 2.38, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Tel Instrument Electronics's Piotroski F-Score?
Tel Instrument Electronics (TIKK) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Tel Instrument Electronics's earnings high quality?
Tel Instrument Electronics (TIKK) has an earnings quality ratio of -18.74x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Tel Instrument Electronics cover its interest payments?
Tel Instrument Electronics (TIKK) has an interest coverage ratio of 10.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Tel Instrument Electronics?
Tel Instrument Electronics (TIKK) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.