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Tel Instrument Electronics Corp  (TIK)
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    Sector  Technology    Industry Electronic Instruments & Controls
 
 

EARNINGS REPORT by CSIMarket

Slipped into Red, Topline Crumbles


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Tel Instrument Electronics Corp announced forth quarter 2017 operating loss of $-3.272516 millions



Tel Instrument Electronics Corp reported disappointing forth quarter 2017, where Sales melted down by -33.7 % to $4 millions and company posted loss per share to $-1.71, compare to $0.09, in the same quarter a year ago.

Compare to previous quarter eps fell from $0.03 per share and Sales decreased by -3.45 % from $4 millions.

For the forth quarter 2017 Tel Instrument Electronics Corp logged net loss of $-6 million, instead of break-even in the same quarter a year before.

Tel Instrument Electronics Corp reported net loss of $-5 millions and Sales of $19 millions for the fiscal year 2017.

Electronic Instruments & Controls company said its eps were at $-1.49 compare to $0.31 in the previous fiscal year, while Sales fell by -24.43 % from $25 millions a year ago.
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