TIKK · As filed with the SEC
Tel Instrument Electronics income statement, by fiscal year
The statement as Tel Instrument Electronics presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD, except per-share amounts
| USD, except per-share amounts | FY2025 Year ended Mar 31, 2025 | FY2024 Year ended Mar 31, 2024 | FY2023 Year ended Mar 31, 2023 | FY2022 Year ended Mar 31, 2022 |
|---|---|---|---|---|
| Net sales | 9,296,392 | 8,809,087 | 8,631,157 | 12,932,790 |
| Cost of sales | 7,293,677 | 4,791,734 | 5,582,407 | 7,167,450 |
| Gross margin | 2,002,715 | 4,017,353 | 3,048,750 | 5,765,340 |
| Operating expenses: | ||||
| Selling, general and administrative | 2,292,000 | 2,114,945 | 2,098,684 | 2,250,576 |
| Litigation expenses | — | 9,870 | 33,988 | 29,479 |
| Engineering, research, and development | 2,056,977 | 1,155,750 | 1,814,198 | 2,548,626 |
| Total operating expenses | 4,348,977 | 3,280,565 | 3,946,870 | 4,828,681 |
| (Loss) income from operations | (2,346,262) | 736,788 | (898,120) | 936,659 |
| Other income (expense): | ||||
| Interest income | 13 | 24,642 | 17,188 | 3,951 |
| Forgiveness of PPP loan | — | — | 0 | 722,577 |
| Interest expense | — | — | (157) | 0 |
| Interest expense | (103,755) | (70,086) | — | — |
| Interest expense – judgment | 0 | (198,535) | (263,425) | (208,250) |
| Other income, net | 318 | 27,025 | 627,832 | 30,254 |
| Total other expenses, net | (103,424) | (216,954) | 381,438 | 548,532 |
| (Loss) income before income taxes | (2,449,686) | 519,834 | (516,682) | 1,485,191 |
| Income tax expense | 2,451,407 | 177,943 | (128,137) | 175,453 |
| Net (loss) income | (4,901,093) | 341,891 | (388,545) | 1,309,738 |
| Preferred dividends | (377,680) | (351,549) | (320,000) | (320,000) |
| Net loss attributable to common shareholders | (5,278,773) | (9,658) | (708,545) | 989,738 |
| Basic loss per common share (in Dollars per share) | (1.62) | 0.00 | (0.22) | 0.30 |
| Diluted loss per common share (in Dollars per share) | (1.62) | 0.00 | (0.22) | 0.26 |
| Weighted average number of shares outstanding | ||||
| Basic (in Shares) | 3,255,887 | — | 3,255,887 | 3,255,887 |
| Diluted (in Shares) | 3,255,887 | 3,255,887 | 3,255,887 | 5,095,665 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.