we just keep racking up rev and profits here...my guess is we will be bot out somewhere down the line:
(BSNS WIRE) Tel-Instrument Electronics Corp Announces Results For First Qua
Tel-Instrument Electronics Corp Announces Results For First Quarter
Business Editors
CARLSTADT, N.J.--(BUSINESS WIRE)--Aug. 9, 2001--Tel-Instrument
Electronics Corp today announced its financial results for the three
months ended June 30, 2001:
-0-
*T
Three Months Ended
June 30, June 30,
2001 2000
Sales $ 2,561,689 1,490,003
Net Income Before Taxes 419,580 140,694
Provision For Taxes 170,880 56,207
Net Income $ 248,700 84,487
Net Income Per Share, Diluted $ 0.12 0.04
Weighted Average Shares
Outstanding, Diluted 2,162,197 2,146,183
*T
For the first quarter ended June 30, 2001 sales increased 72% to
$2,561,689, and net income before taxes increased 198% to $419,580, as
compared to the first quarter of the prior fiscal year.
Deliveries of the AN/APM 480 IFF (Identification, Friend or Foe)
Transponder Set Test Set (TSTS ) to the U.S. Navy continue and
accounted for 42% of the sales for the quarter.
The Company continues to actively pursue opportunities in both the
commercial and government markets, both domestically and
internationally, and is working on new product developments in order
to broaden the Company's product line.
The Company's backlog at June 30, 2001, including the production
order from the U.S. Navy, exceeds $12,000,000.
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 instruments to test a wide range of avionic
navigation and communication equipment. For further information please
visit our website at www.telinstrument.com.
The Company's stock is traded in the NASDAQ System under the
symbol TINE.
--30--ac/ny*
CONTACT: Tel-Instrument
Joseph P. Macaluso, 201/933-1600
KEYWORD: NEW JERSEY
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS AEROSPACE/DEFENSE EARNINGS
SOURCE: Tel-Instrument
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