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TEL-INSTR ELECTRONICS CRP - $TIKK STOCK NEWS

Welcome to our dedicated page for TEL-INSTR ELECTRONICS CRP news (Ticker: $TIKK), a resource for investors and traders seeking the latest updates and insights on TEL-INSTR ELECTRONICS CRP stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect TEL-INSTR ELECTRONICS CRP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Tel-Instrument Electronics Corp. (TIKK) reported a net income of $134K on revenues of $2.4 million for the third quarter of the 2024 fiscal year. Revenues increased by 3% from the year-ago quarter, with a gross margin percentage of 40%. Operating expenses decreased by 25%, and the order backlog stood at $6.0 million. The Aeroflex lawsuit was settled, and a credit line extension was secured. The company remains optimistic about future growth due to new product launches and government contracts.
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Rhea-AI Summary
Tel-Instrument Electronics Corp. (OTCQB: TIKK) reported a net loss of $435K on revenues of $1.6 million for the second quarter of the 2024 fiscal year. The company paid the full Aeroflex judgement amount of $6,559,233, issued $721K of Series B and Series C Preferred Stock to Company insiders, and experienced a 22% decrease in revenues compared to the year-ago quarter. Despite this, bookings improved to $2.8 million, backlog increased to $6.5 million, and operating expenses decreased by $250K. Net loss for the first two quarters was $140K versus a net loss of $710K in the first half of the last fiscal year.
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-2.44%
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Tel-Instrument Electronics Corp. reported a net income of $295K on revenues of $2.9 million for the first quarter of the 2024 fiscal year. Revenues increased by 27% compared to the year-ago quarter, while the gross margin percentage improved to 45%. Operating expenses decreased by 19% and operating income was $420K. Cash balances improved to $6.5 million, but backlog decreased to $5.3 million. The Kansas Appellate Court denied the appeal motion, and the company is evaluating further options.
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TEL-INSTR ELECTRONICS CRP

OTC:TIKK

TIKK Rankings

TIKK Stock Data

5.99M
1.50M
53.93%
0.61%
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing
Manufacturing
Link
United States of America
East Rutherford

About TIKK

tel-instrument electronics corp. is a company based out of one branca road, east rutherford, new jersey, united states.