Tel-Instrument Electronics Corp. (NYSE MKT: TIK), a leading designer and manufacturer of avionics test and measurement solutions, said that preliminary unaudited revenues for the second quarter ending September 30, 2015 increased to a record USD6.8 million, a 90 percent increase over the same quarter last year.
Preliminary six months revenues increased to USD12.7 million, representing an 89 percent increase over the same period last year.
Jeff O´Hara, Tel´s President and CEO noted, “Tel has done a solid job of driving revenues and profitability during the first half of this fiscal year. We have also made great strides improving our balance sheet. We continue to explore opportunities worldwide and to invest in research and development to position our products and services for future growth.”
Tel-Instrument is a leading designer and manufacturer of avionics test and measurement solutions for the global commercial air transport, general aviation, and government/military aerospace and defense markets. Tel-Instrument provides instruments to test, measure, calibrate, and repair a wide range of airborne navigation and communication equipment.