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Tel Instruments Electronic Corp. Announces Second Quarter Results |
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Press Releases
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Tuesday, 04 November 2008 |
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Carlstadt, NJ – November 4, 2008–Tel-Instrument Electronics Corp (“TIK”) today announced its consolidated financial results for the three and six month periods ended September 30, 2008.
For the three months ended September 30, 2008, the Company recorded a substantial increase in both revenues and profitability. Revenues from continuing operations increased 36% to $3.9 million and pre-tax profit from continuing operations increased to $650k compared to a small loss in the prior year. Net income increased to $390k compared to a $23k loss in the year ago period.
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