Tel Instrument Electronics Corp financial data

Symbol
TIKK on OTC
Industry
Electronic Components & Accessories
Location
One Branca Road, East Rutherford, NJ
State of incorporation
New Jersey
Fiscal year end
March 31
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 258 % +85.4%
Quick Ratio 190 % +346%
Debt-to-equity 57.4 % -64.8%
Return On Equity 2.41 % -69.2%
Return On Assets 0.85 % -7.64%
Operating Margin 4.42 %

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 3.26M shares 0%
Common Stock, Shares, Outstanding 3.26M shares 0%
Entity Public Float 3.59M USD +165%
Common Stock, Value, Issued 326K USD 0%
Weighted Average Number of Shares Outstanding, Basic 3.26M shares 0%
Weighted Average Number of Shares Outstanding, Diluted 3.26M shares -37.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 8.78M USD -4.98%
Research and Development Expense 998K USD -36.9%
Operating Income (Loss) 388K USD -82.9%
Nonoperating Income (Expense) -191K USD -149%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 197K USD +28.3%
Income Tax Expense (Benefit) 109K USD +658%
Net Income (Loss) Attributable to Parent 88.8K USD -36.4%
Earnings Per Share, Basic -0.09 USD/shares -80%
Earnings Per Share, Diluted -0.08 USD/shares -33.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 150K USD -96.7%
Accounts Receivable, after Allowance for Credit Loss, Current 1.76M USD +42.5%
Inventory, Net 5.21M USD +44.4%
Assets, Current 7.33M USD -36.9%
Deferred Income Tax Assets, Net 2.44M USD -4.24%
Property, Plant and Equipment, Net 64.2K USD -26.1%
Operating Lease, Right-of-Use Asset 1.27M USD -13.8%
Other Assets, Noncurrent 35.1K USD 0%
Assets 11.1M USD -29.4%
Accounts Payable, Current 1.24M USD +297%
Employee-related Liabilities, Current 266K USD -12.6%
Accrued Liabilities, Current 158K USD -9.33%
Liabilities, Current 3.03M USD -63.1%
Operating Lease, Liability, Noncurrent 1.07M USD -16%
Other Liabilities, Noncurrent 43.5K USD -15.4%
Liabilities 4.25M USD -56.2%
Retained Earnings (Accumulated Deficit) -5.96M USD +1.47%
Stockholders' Equity Attributable to Parent 6.9M USD +13.4%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 6.08M USD +2.7%
Liabilities and Equity 11.1M USD -29.4%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -373K USD -153%
Net Cash Provided by (Used in) Financing Activities 391K USD
Net Cash Provided by (Used in) Investing Activities 0 USD
Common Stock, Shares Authorized 7M shares 0%
Common Stock, Shares, Issued 3.26M shares 0%
Common Stock, Par or Stated Value Per Share 0.1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 150K USD -97.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 17.9K USD +32.8%
Deferred Tax Assets, Valuation Allowance 138K USD +37.8%
Deferred Tax Assets, Gross 2.59M USD -5.11%
Operating Lease, Liability 1.27M USD -13.8%
Payments to Acquire Property, Plant, and Equipment 0 USD -100%
Lessee, Operating Lease, Liability, to be Paid 1.41M USD -15.4%
Operating Lease, Liability, Current 204K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Two 268K USD +5.07%
Lessee, Operating Lease, Liability, to be Paid, Year One 191K USD 0%
Deferred Income Tax Expense (Benefit) 11.2K USD -86.1%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 133K USD -27.7%
Lessee, Operating Lease, Liability, to be Paid, Year Three 277K USD +3.45%
Deferred Tax Assets, Operating Loss Carryforwards 1.23M USD +118%
Preferred Stock, Shares Authorized 1M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 277K USD 0%
Additional Paid in Capital 6.29M USD -5.39%
Depreciation, Depletion and Amortization 9.03K USD -26.4%
Deferred Tax Assets, Net of Valuation Allowance 2.45M USD -6.75%
Share-based Payment Arrangement, Expense 1.94K USD -40.6%
Interest Expense 0 USD -100%
Preferred Stock, Par or Stated Value Per Share 0.1 USD/shares 0%