Tel Instrument Electronics - TIKK STOCK NEWS

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.

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.

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.

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.