Telinstrument: Tel-Instrument Electronics Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023

Tel-Instrument Electronics Corp. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 2.4 million compared... Tel-Instrument Electronics Corp. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 2.4 million compared to USD 2.33 million a year ago. Net income was USD 0.133809 million compared to USD 0.392627 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to USD 0.1 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.08 a year ago. For the nine months, sales was USD 6.84 million compared to USD 6.59 million a year ago. Net loss was USD 0.006052 million compared to USD 0.31761 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.08 compared to USD 0.17 a year ago.