ETC Q1 sales, EPS down YoY

Electronic Tele-Communications, Inc. (ETC) (Pink Sheets: ETCIA) reported first quarter 2017 sales were USD 185,200 compared to USD 329,253 for the first quarter of 2016, the company said.

The net earnings for the quarter were USD 21,243 or USD 0.01 per Class A common share, compared to USD 92,849 or USD 0.04 per Class A common share for the first quarter of 2016.

ETC President Elizabeth Danner said, “First quarter 2016 had exceeded our expectations for sales of our Digicept Emcee products. While first quarter 2017 is down from the previous year´s first quarter, it met expectations and we see ourselves on course to remain profitable in the year.”

Electronic Tele-Communications supplies voice announcers and Voice Application Platforms to domestic and foreign telephone utilities under the Audichron and Digicept brand names. ETC also supports a network of Time Weather and Temperature systems installed throughout the United States. ETC´s equipment provides a wide range of audio information and call handling systems via telephone networks, computer networks, and the Internet.