john murphy was just on cnbc rec small cap value...tine is both growth and value...look at the numbers...under 2.00...:
(BSNS WIRE) Tel-Instrument Electronics Corp Announces Third Quarter Results
Tel-Instrument Electronics Corp Announces Third Quarter Results
Business Editors
CARLSTADT, N.J.--(BUSINESS WIRE)--Feb. 14, 2001--Tel-Instrument
Electronics Corp today announced its financial results for the three
and nine months ended December 31, 2000:
-0-
*T
Three Months Ended Nine Months Ended
December 31, December 31,
2000 1999 2000 1999
---- ---- ---- ----
Sales $2,276,156 1,409,990 $5,518,413 3,858,613
Net income before taxes 358,272 63,057 708,130 237,130
(Benefit) provision for
taxes, net (7,908) (359,810) 133,042 (290,267)
Net income $ 366,180 422,867 $ 575,088 527,397
Net income per share,
diluted $0.17 $0.20 $0.27 $0.25
Weighted average shares
outstanding, diluted 2,141,061 2,127,883 2,140,941 2,127,383
*T
For the first nine months of the current fiscal year sales
totaled more than $5,500,000 already surpassing the total for all of
the prior fiscal year.
Income before taxes was $708,130 for the nine months ended
December 31, 2000, a 199% increase as compared to income before taxes
of $237,130 for the nine months ended December 31, 1999. For the three
months ended December 31,2000 the Company had income before taxes of
$358,272, as compared to $63,057 for the three months ended December
31, 1999. After tax results are affected by the varying amounts tax
benefit recorded in the different periods, pursuant to FASB109.
The Company's sales continue to grow as a result of the increase
in both government and commercial sales. The Company continues to
actively pursue opportunities in both the commercial and government
markets, both domestically and internationally, and assess new product
development efforts based upon its evaluation of these markets.
This press release should be read in conjunction with the
Company's Quarterly Report on Form 10-Q to the Securities and Exchange
Commission for the quarter ended December 31, 1999.
Tel-Instrument is a leading designer and manufacturer of avionics
test equipment for the general aviation, commercial aviation and
government/military markets, both domestically and internationally.
Tel-Instrument provides equipment to test a wide range of avionics,
including VHF/UHF Communication, VOR, ILS, Marker Beacon, DME, TCAS,
TACAN, and Transponders/Interrogators (Modes 1, 2, 3/A, 4, C and S).
For further information please visit the website at
www.telinstrument.com.
The Company's stock is traded in the NASDAQ System under the
symbol TINE.
--30--lp/ny*
CONTACT: Tel-Instrument Electronics Corp, Carlstadt
Mr. Joseph P. Macaluso, 201/933-1600
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: AEROSPACE/DEFENSE MANUFACTURING HARDWARE
COMPUTERS/ELECTRONICS EARNINGS
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