Tel-Instrument Electronics (TIK) 5.37 $TIK
Tel-Instrument Electronics Corp Announces First Quarter FY 2015 Results
Business Wire - Wed Aug 13, 3:00PM CDT
Tel-Instrument Electronics Corp (the "Company" or "TIC"
(NYSE MKT:TIK) announced results for its first quarter of fiscal year 2015 ended June 30, 2014. For the three months ended June 30, 2014, the Company recorded net sales of $3,129,076 versus net sales of $3,199,975 in the year ago quarter. This did not include any TS-4530A sales to the Army or any ITATS deliveries. Total operating expenses increased by $229k versus the year ago quarter with substantially all of the increase related to higher legal costs relating to the Aeroflex litigation. Gross margins, at 36% were also affected by higher labor and overhead variances due in part to additional staffing associated with the startup of the TS-4530A and ITATS programs. Taken together, this resulted in an operating loss of $242,872 as compared to an operating profit of $52,531 for the three months ended June 30, 2013. For the three months ended June 30, 2014, the Company recorded a net loss of $384,005 ($0.12 per share) as opposed to a net loss of $85,772 ($0.03 per share) in the year ago quarter. The current quarter results were adversely impacted by a $133,881 ($0.04 per share) charge due to the revaluation of the common stock warrants due to the increase in stock price versus a gain of $24,572 in the year ago quarter. Interest expense continued to decline falling to $62,480 in the current quarter versus $104,077 in the year ago quarter.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. to Host Conference Call to Discuss Fiscal First Quarter 2015 Results
Business Wire - Fri Aug 08, 11:11AM CDT
Tel-Instrument Electronics Corp. ("TIC" or the "Company" (NYSE MKT: TIK) will host a conference call and webcast on Wednesday, August 13, 2014 at 5:00 p.m. Eastern Time to discuss the Company's fiscal first quarter results.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces FY 2014 Results and Production Release for Army TS-4530A KITS
Business Wire - Mon Jun 30, 3:52PM CDT
Tel-Instrument Electronics Corp ("TIC" (NYSE MKT:TIK) announced results for its fourth quarter and fiscal year ended March 31, 2014. The Company reported a 102% increase in annual revenues to $15,828,291 for the year ended March 31, 2014, and net income before taxes of $704,373. For the quarter ended March 31, 2014, the Company reported an increase in sales to $4,504,706 and net income before taxes of $956,709. For the year ended March 31, 2014, operating income increased to $1,363,902 and net income increased to $261,528.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. to Host Conference Call to Discuss Fiscal Fourth Quarter and Year End 2014 Results
Business Wire - Wed Jun 25, 1:36PM CDT
Tel-Instrument Electronics Corp ("TIC" or the "Company" (NYSEMKT:TIK) will host a conference call and webcast on Monday, June 30, 2014 at 5:00 p.m. Eastern Time to discuss the Company's fiscal fourth quarter and year end 2014 results.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. Announces Acceptance of Plan by NYSE MKT
Business Wire - Wed Feb 26, 12:44PM CST
Tel Instrument Electronics Corp. ("Tel" or "Company" announced today that it continues to be listed on the NYSE MKT ("Exchange" pursuant to an extension.
TIK: 5.37 (+0.08)
Research and Markets: Global Adaptive Cruise Control Market to 2018 with Audi, BMW, Ford & GM Dominating the Manufacturer's Industry
Business Wire - Fri Feb 21, 8:41AM CST
Research and Markets (http://www.researchandmarkets.com/research/z2mf3f/global_adaptive) has announced the addition of the "Global Adaptive Cruise Control Market 2014-2018" report to their offering.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces Third Quarter Results for FY 2014 and Receipt of $4.1 Million of TS-4530A Orders
Business Wire - Mon Feb 17, 7:30AM CST
Tel-Instrument Electronics Corp ("TIC" (NYSE MKT:TIK) announced today that third quarter results continue to reflect the improvement in the Company's operations. The Company is also announcing the receipt of $4.1 million of additional orders for the U.S. Army TS-4530A program bringing the total backlog on this program to $19.7 million.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics receives USD1.3m in new orders
M2 - Mon Sep 09, 4:59AM CDT
Tel Instrument Electronics Corp (NYSE MKT: TIK), a designer and manufacturer of avionics test and measurement solutions, announced on Friday the receipt of orders totalling USD1.3m.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces New Orders of $1.3 Million
Business Wire - Fri Sep 06, 7:30AM CDT
Tel Instrument Electronics Corp. ("Tel" or "Company" (NYSE MKT:TIK) announced today that it has received orders totaling $1.3 million.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics' listing on NYSE-MKT continues
M2 - Thu Aug 22, 6:27AM CDT
Tel Instrument Electronics Corp (Amex:TIK), a designer and manufacturer of avionics test and measurement solutions, stated on Wednesday that it continues to be listed on the NYSE MKT (exchange) under an extension.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Continues to be Listed on NYSE-MKT
Business Wire - Wed Aug 21, 2:35PM CDT
Tel Instrument Electronics Corp. ("Tel" or "Company" announced today that it continues to be listed on the NYSE MKT ("Exchange" pursuant to an extension.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces Final First Quarter Results For 2014 Fiscal Year and Retention of OEM Capital to Explore Strategic Options For The Company
Business Wire - Thu Aug 15, 11:22AM CDT
Tel Instrument Electronics Corp. (Tel) announced today that it recorded a net loss of $85,772 on sales of $3.2 million as compared to a net loss of $668,800 on sales of $1.2 million in the year ago quarter. This improvement is mostly attributed to the resumption of shipments on the CRAFT program as well as improved sales of other products including a partial production release on the TS-4530A program. The Company is expecting continued revenue and profitability growth for the balance of this fiscal year as a result of higher shipments on the U.S. Army TS-4530A and U.S. Navy ITATS programs.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. Announces Receipt of NYSE MKT Non-Compliance Letter Regarding Minimum Equity Requirement and Commencement of TS-4530A Deliveries
Business Wire - Thu Jul 25, 2:48PM CDT
Tel Instrument Electronics Corp. ("Tel" or "Company" announced today that on July 17, 2013, it received a letter from the staff of the NYSE MKT ("Exchange" that, based on the Tel's financial statements at March 31, 2013, Tel was no longer in compliance with the minimum stockholders' equity requirement of $4.0 million, and had also reported net losses in three of its last four fiscal years.
TIK: 5.37 (+0.08)
Tel-Instrument Announces FY 2013 Results; a $3.3 million TS-4530A Interim Production Release; $600,000 Equity Issuance; NYSE Plan Acceptance; Retention of a Senior Manufacturing Consultant; and Guidance for the Current Fiscal year (FY 2014)
Business Wire - Tue Jul 16, 4:27PM CDT
Tel-Instrument Electronics Corp ("TIC" (NYSE MKT: TIK) announced results for its fourth quarter and fiscal year ended March 31, 2013. The Company reported a 53% decrease in annual revenues and a net loss of $2.8 million.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces Receipt of NYSE MKT Non-Compliance Letter
Business Wire - Mon May 13, 1:43PM CDT
Tel Instrument Electronics Corp (NYSE MKT Symbol: TIK) ("TIC" or "Company" announced today that on May 7, 2013, it received a letter from the Exchange Staff of the NYSE MKT LLC (the "Exchange" indicating that the Company was not in compliance with certain continued listing standards of the Exchange. Specifically, the Company was not in compliance with Section 1000(a)(i) in that it has sustained substantial losses in relation to either (i) its overall operations; (ii) its existing financial resources; (iii) or its financial condition has become so impaired that it appears questionable, in the opinion of the Exchange, as to whether such issuer will be able to continue operations and/or meet its obligations as they mature.
TIK: 5.37 (+0.08)
Tel-Instrument Announces DoD AIMS Program Office Certification on the TS-4530A Mode 5 IFF Flight-Line Test Set
Business Wire - Thu Mar 14, 9:55AM CDT
Tel-Instrument Electronics Corp. (NYSE MKT Symbol: TIK) announced that the Department of Defense (DoD) AIMS Program Office has certified on March 11, 2013 its TS-4530A Flight Line Test Set for use in testing Mark XIIA IFF ("Identification Friend and Foe" , Mode S (ELS/EHS/ADS-
and TCAS systems. This certification is related to a $44 million Indefinite Quantity/Indefinite Delivery ("IDIQ" contract from the U.S. Army to upgrade up to 3,000 existing legacy test sets to support Mode 5 testing and produce up to 2,000 new TS-4530A test sets. The Company has already received over $22 million dollars in orders from this award. The current delivery schedule, which entails monthly billings of approximately $1 million, is currently being evaluated by the Army. The issue standing in the way of a full-rate production approval is the Army request that changes be made to the logistics documentation package. This could take severa
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces First Quarter FY 2015 Results
Business Wire - Wed Aug 13, 3:00PM CDT
Tel-Instrument Electronics Corp (the "Company" or "TIC"
(NYSE MKT:TIK) announced results for its first quarter of fiscal year 2015 ended June 30, 2014. For the three months ended June 30, 2014, the Company recorded net sales of $3,129,076 versus net sales of $3,199,975 in the year ago quarter. This did not include any TS-4530A sales to the Army or any ITATS deliveries. Total operating expenses increased by $229k versus the year ago quarter with substantially all of the increase related to higher legal costs relating to the Aeroflex litigation. Gross margins, at 36% were also affected by higher labor and overhead variances due in part to additional staffing associated with the startup of the TS-4530A and ITATS programs. Taken together, this resulted in an operating loss of $242,872 as compared to an operating profit of $52,531 for the three months ended June 30, 2013. For the three months ended June 30, 2014, the Company recorded a net loss of $384,005 ($0.12 per share) as opposed to a net loss of $85,772 ($0.03 per share) in the year ago quarter. The current quarter results were adversely impacted by a $133,881 ($0.04 per share) charge due to the revaluation of the common stock warrants due to the increase in stock price versus a gain of $24,572 in the year ago quarter. Interest expense continued to decline falling to $62,480 in the current quarter versus $104,077 in the year ago quarter. TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. to Host Conference Call to Discuss Fiscal First Quarter 2015 Results
Business Wire - Fri Aug 08, 11:11AM CDT
Tel-Instrument Electronics Corp. ("TIC" or the "Company"
(NYSE MKT: TIK) will host a conference call and webcast on Wednesday, August 13, 2014 at 5:00 p.m. Eastern Time to discuss the Company's fiscal first quarter results. TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces FY 2014 Results and Production Release for Army TS-4530A KITS
Business Wire - Mon Jun 30, 3:52PM CDT
Tel-Instrument Electronics Corp ("TIC"
(NYSE MKT:TIK) announced results for its fourth quarter and fiscal year ended March 31, 2014. The Company reported a 102% increase in annual revenues to $15,828,291 for the year ended March 31, 2014, and net income before taxes of $704,373. For the quarter ended March 31, 2014, the Company reported an increase in sales to $4,504,706 and net income before taxes of $956,709. For the year ended March 31, 2014, operating income increased to $1,363,902 and net income increased to $261,528. TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. to Host Conference Call to Discuss Fiscal Fourth Quarter and Year End 2014 Results
Business Wire - Wed Jun 25, 1:36PM CDT
Tel-Instrument Electronics Corp ("TIC" or the "Company"
(NYSEMKT:TIK) will host a conference call and webcast on Monday, June 30, 2014 at 5:00 p.m. Eastern Time to discuss the Company's fiscal fourth quarter and year end 2014 results. TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. Announces Acceptance of Plan by NYSE MKT
Business Wire - Wed Feb 26, 12:44PM CST
Tel Instrument Electronics Corp. ("Tel" or "Company"
announced today that it continues to be listed on the NYSE MKT ("Exchange" pursuant to an extension. TIK: 5.37 (+0.08)
Research and Markets: Global Adaptive Cruise Control Market to 2018 with Audi, BMW, Ford & GM Dominating the Manufacturer's Industry
Business Wire - Fri Feb 21, 8:41AM CST
Research and Markets (http://www.researchandmarkets.com/research/z2mf3f/global_adaptive) has announced the addition of the "Global Adaptive Cruise Control Market 2014-2018" report to their offering.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces Third Quarter Results for FY 2014 and Receipt of $4.1 Million of TS-4530A Orders
Business Wire - Mon Feb 17, 7:30AM CST
Tel-Instrument Electronics Corp ("TIC"
(NYSE MKT:TIK) announced today that third quarter results continue to reflect the improvement in the Company's operations. The Company is also announcing the receipt of $4.1 million of additional orders for the U.S. Army TS-4530A program bringing the total backlog on this program to $19.7 million. TIK: 5.37 (+0.08)
Tel-Instrument Electronics receives USD1.3m in new orders
M2 - Mon Sep 09, 4:59AM CDT
Tel Instrument Electronics Corp (NYSE MKT: TIK), a designer and manufacturer of avionics test and measurement solutions, announced on Friday the receipt of orders totalling USD1.3m.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces New Orders of $1.3 Million
Business Wire - Fri Sep 06, 7:30AM CDT
Tel Instrument Electronics Corp. ("Tel" or "Company"
(NYSE MKT:TIK) announced today that it has received orders totaling $1.3 million. TIK: 5.37 (+0.08)
Tel-Instrument Electronics' listing on NYSE-MKT continues
M2 - Thu Aug 22, 6:27AM CDT
Tel Instrument Electronics Corp (Amex:TIK), a designer and manufacturer of avionics test and measurement solutions, stated on Wednesday that it continues to be listed on the NYSE MKT (exchange) under an extension.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Continues to be Listed on NYSE-MKT
Business Wire - Wed Aug 21, 2:35PM CDT
Tel Instrument Electronics Corp. ("Tel" or "Company"
announced today that it continues to be listed on the NYSE MKT ("Exchange" pursuant to an extension. TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces Final First Quarter Results For 2014 Fiscal Year and Retention of OEM Capital to Explore Strategic Options For The Company
Business Wire - Thu Aug 15, 11:22AM CDT
Tel Instrument Electronics Corp. (Tel) announced today that it recorded a net loss of $85,772 on sales of $3.2 million as compared to a net loss of $668,800 on sales of $1.2 million in the year ago quarter. This improvement is mostly attributed to the resumption of shipments on the CRAFT program as well as improved sales of other products including a partial production release on the TS-4530A program. The Company is expecting continued revenue and profitability growth for the balance of this fiscal year as a result of higher shipments on the U.S. Army TS-4530A and U.S. Navy ITATS programs.
TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp. Announces Receipt of NYSE MKT Non-Compliance Letter Regarding Minimum Equity Requirement and Commencement of TS-4530A Deliveries
Business Wire - Thu Jul 25, 2:48PM CDT
Tel Instrument Electronics Corp. ("Tel" or "Company"
announced today that on July 17, 2013, it received a letter from the staff of the NYSE MKT ("Exchange" that, based on the Tel's financial statements at March 31, 2013, Tel was no longer in compliance with the minimum stockholders' equity requirement of $4.0 million, and had also reported net losses in three of its last four fiscal years. TIK: 5.37 (+0.08)
Tel-Instrument Announces FY 2013 Results; a $3.3 million TS-4530A Interim Production Release; $600,000 Equity Issuance; NYSE Plan Acceptance; Retention of a Senior Manufacturing Consultant; and Guidance for the Current Fiscal year (FY 2014)
Business Wire - Tue Jul 16, 4:27PM CDT
Tel-Instrument Electronics Corp ("TIC"
(NYSE MKT: TIK) announced results for its fourth quarter and fiscal year ended March 31, 2013. The Company reported a 53% decrease in annual revenues and a net loss of $2.8 million. TIK: 5.37 (+0.08)
Tel-Instrument Electronics Corp Announces Receipt of NYSE MKT Non-Compliance Letter
Business Wire - Mon May 13, 1:43PM CDT
Tel Instrument Electronics Corp (NYSE MKT Symbol: TIK) ("TIC" or "Company"
announced today that on May 7, 2013, it received a letter from the Exchange Staff of the NYSE MKT LLC (the "Exchange" indicating that the Company was not in compliance with certain continued listing standards of the Exchange. Specifically, the Company was not in compliance with Section 1000(a)(i) in that it has sustained substantial losses in relation to either (i) its overall operations; (ii) its existing financial resources; (iii) or its financial condition has become so impaired that it appears questionable, in the opinion of the Exchange, as to whether such issuer will be able to continue operations and/or meet its obligations as they mature. TIK: 5.37 (+0.08)
Tel-Instrument Announces DoD AIMS Program Office Certification on the TS-4530A Mode 5 IFF Flight-Line Test Set
Business Wire - Thu Mar 14, 9:55AM CDT
Tel-Instrument Electronics Corp. (NYSE MKT Symbol: TIK) announced that the Department of Defense (DoD) AIMS Program Office has certified on March 11, 2013 its TS-4530A Flight Line Test Set for use in testing Mark XIIA IFF ("Identification Friend and Foe"
, Mode S (ELS/EHS/ADS- and TCAS systems. This certification is related to a $44 million Indefinite Quantity/Indefinite Delivery ("IDIQ" contract from the U.S. Army to upgrade up to 3,000 existing legacy test sets to support Mode 5 testing and produce up to 2,000 new TS-4530A test sets. The Company has already received over $22 million dollars in orders from this award. The current delivery schedule, which entails monthly billings of approximately $1 million, is currently being evaluated by the Army. The issue standing in the way of a full-rate production approval is the Army request that changes be made to the logistics documentation package. This could take severa TIK: 5.37 (+0.08)
