Welcome to our dedicated page for Tel Instrument Electronics news (Ticker: TIKK), a resource for investors and traders seeking the latest updates and insights on Tel Instrument Electronics stock.
Tel-Instrument Electronics Corp. (TIKK) uses Business Wire releases to provide regular updates on its operations as a designer and manufacturer of avionics test and measurement solutions. This news stream centers on developments affecting its specialized test sets for commercial and military aviation, including CRAFT, SDR-OMNI, SDR-OMNI/MIL, MADL, TS-4530A, and T-4530i programs.
Readers following TIKK news can review quarterly and annual financial results, where the company reports net sales, margins, operating expenses, and net income or loss, along with commentary on order backlog and major contracts. These releases often explain how supply chain conditions, funded engineering projects, and specific contracts such as CRAFT ECP, SDR-OMNI, and MADL influence reported performance.
Company news also covers contract milestones and customer wins. Examples include selection of the SDR-OMNI test set by Airbus for worldwide manufacturing operations, approval of SDR-OMNI by Boeing, initial SDR-OMNI/MIL orders from domestic and overseas defense customers, and Navy-related CRAFT ECP testing and production approvals. Tel-Instrument’s updates describe progress on engineering milestones like Test Readiness Reviews and platform testing, as well as expectations the company expresses about future production phases.
In addition, Tel-Instrument’s releases discuss legal and capital structure events, such as the Aeroflex litigation outcome, payment of the related judgment, preferred stock issuances, and use of credit facilities. Investors and aviation industry observers can use this news feed to track how these factors, together with new orders and backlog changes, shape the company’s outlook as described in its own communications. For ongoing context on TIKK, this page aggregates those public updates in one place.
Tel Instrument Electronics (OTC:TIKK) has announced several significant updates impacting its operations and financial outlook. The company has delayed its Annual Report (10-K) filing while negotiating bank credit line terms and pursuing a capital raise with insiders. As a result, TIKK shares have moved to OTC Pink trading.
On the operational front, the company secured full-rate production approval from the Navy for CRAFT upgrade KITS, with an initial order of 150 units. The Navy contract is expected to generate $5 million in annual revenue. Additionally, CRAFT 708A production will begin in September, and their SDR-OMNI test sets are gaining market traction.
Tel-Instrument Electronics Corp. (TIKK) reported Q3 FY2025 financial results with a net loss of $456K ($0.17 per share) on revenues of $2.97 million, compared to net income of $134K ($0.01 per share) in the year-ago quarter. Revenue increased to $2.97 million from $2.4 million year-over-year, while nine-month revenues rose to $7.6 million from $6.8 million.
The gross margin percentage declined to 21% from 40% due to higher CRAFT component costs. Operating expenses increased by $488K (68%) due to SDR-OMNI sales headcount additions. The company's bookings backlog grew to $8.4 million, including $900K for the new SDR-OMNI/MIL. The CRAFT ECP is expected to increase revenues by approximately $5 million per year once full-rate production begins.
Tel-Instrument Electronics Corp reported Q2 FY2025 financial results with a net loss of $815K ($0.28 per share) on revenues of $1.8 million, compared to a net loss of $435K ($0.16 per share) in the year-ago quarter. The gross margin decreased to 12% from 23%, while operating expenses increased by 44%. Despite challenges with parts delivery, the company secured significant orders, including a $1.55 million MADL order for the F-35 program and SDR-OMNI follow-on orders from Airbus. The current sales backlog exceeds $9 million, with expected improvements in revenues and profitability in Q3 and Q4.
Tel-Instrument Electronics Corp. (OTCQB: TIKK) reported financial results for Q1 FY 2025. Key points:
- Revenue: $2.8 million (down from $2.9 million in Q1 FY 2024)
- Net income: $42K or $0.02 per share (down from $295K or $0.07 per share)
- Gross margin: 26% (down from 45%)
- Operating expenses: Decreased by $200K (23% decline)
- Bookings backlog: $7 million
The company expects strong growth for the rest of FY 2025 due to SDR-OMNI success and anticipated MADL and CRAFT ECP production. CRAFT ECP production is projected to generate annual revenues of ~$5 million. Airbus selected SDR-OMNI for worldwide manufacturing operations, and SDR-OMNI/MIL shows potential for replacing obsolete military test sets.
Tel-Instrument Electronics Corp. (OTCQB: TIKK) reported its financial results for the fiscal year ended March 31, 2024. The company achieved a net income of $342K on revenues of $8.8 million, reflecting a 2% increase from the previous fiscal year. Key highlights include an 11.3 percentage point increase in gross margin to 46.6%, a 17% reduction in operating expenses, and a transition from an operating loss of $898K to an income of $737K. Net income improved significantly from a $388K loss to a $342K profit. Working capital increased by $1.2 million to $4.3 million, and the backlog grew by $640K to $7.2 million. The company received a notable order from Airbus for its SDR/OMNI test set, with expectations of strong growth in fiscal 2025 as parts shortages ease. Upcoming projects include the launch of a GPS simulator software and the CRAFT ECP contract, projected to generate $5 million annually. The Lockheed Martin F-35 MADL Test Set development has been completed, with supply negotiations ongoing.
Tel-Instrument Electronics Corp. (TIKK) announced the receipt of an initial order for their new SDR-OMNI flight-line test set from their European distributor, Muirhead. This product will be used by Airbus in their global manufacturing operations. The SDR-OMNI, which consolidates multiple test functions into a single unit, was selected after a year-long competitive analysis by Airbus, citing its ease of use and speed. The product is also approved by Boeing and pending addition to its vendor list. Tel-Instrument plans to introduce a GPS simulator app for the SDR-OMNI this summer, potentially offering customers significant savings in life cycle support and training costs.
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