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 | FY2021 Year ended Mar 31, 2021 | FY2020 Year ended Mar 31, 2020 | FY2019 Year ended Mar 31, 2019 | FY2018 Year ended Mar 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Net sales | 9,296,392 | 8,809,087 | 8,631,157 | 12,932,790 | 11,582,520 | 15,774,943 | 12,116,050 | 10,024,588 |
| Cost of sales | 7,293,677 | 4,791,734 | 5,582,407 | 7,167,450 | 6,800,021 | 8,365,042 | 6,698,830 | 6,894,779 |
| Gross margin | 2,002,715 | 4,017,353 | 3,048,750 | 5,765,340 | 4,782,499 | 7,409,901 | 5,417,220 | 3,129,809 |
| Operating expenses: | ||||||||
| Selling, general and administrative | 2,292,000 | 2,114,945 | 2,098,684 | 2,250,576 | 2,165,190 | 2,477,548 | 2,215,521 | 2,491,816 |
| Litigation expenses | — | 9,870 | 33,988 | 29,479 | 248,004 | 140,050 | 234,720 | 610,125 |
| Legal damages | — | — | — | — | — | — | 0 | 2,159,000 |
| Engineering, research, and development | 2,056,977 | 1,155,750 | 1,814,198 | 2,548,626 | 2,295,901 | 2,239,811 | 2,312,043 | 2,275,508 |
| Total operating expenses | 4,348,977 | 3,280,565 | 3,946,870 | 4,828,681 | 4,709,095 | 4,857,409 | 4,762,284 | 7,536,449 |
| (Loss) income from operations | (2,346,262) | 736,788 | (898,120) | 936,659 | 73,404 | 2,552,492 | 654,936 | (4,406,640) |
| Other income (expense): | ||||||||
| Proceeds from life insurance | — | — | — | — | — | — | 0 | 92,678 |
| Interest income | 13 | 24,642 | 17,188 | 3,951 | 7,483 | 5,819 | 4,005 | 866 |
| Amortization of deferred financing costs | — | — | — | — | — | — | 0 | (3,363) |
| Change in fair value of common stock warrants | — | — | — | — | 0 | (73,000) | (43,500) | 95,000 |
| Forgiveness of PPP loan | — | — | 0 | 722,577 | 722,577 | — | — | — |
| Interest expense | — | — | (157) | 0 | (29,779) | (55,557) | (100,750) | (59,787) |
| Interest expense | (103,755) | (70,086) | — | — | — | — | — | — |
| Interest expense – judgment | 0 | (198,535) | (263,425) | (208,250) | (231,474) | (342,544) | (310,663) | (100,960) |
| Interest expense - related parties | — | — | — | — | — | 0 | (990) | (3,605) |
| Other income, net | 318 | 27,025 | 627,832 | 30,254 | 30,819 | — | — | — |
| Total other expenses, net | (103,424) | (216,954) | 381,438 | 548,532 | 499,626 | (465,282) | (451,898) | 20,829 |
| Income before income taxes | — | — | — | — | 573,030 | 2,087,210 | 203,038 | (4,385,811) |
| (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 | (27,027) | (2,649,280) | 0 | (63,500) |
| Net (loss) income | (4,901,093) | 341,891 | (388,545) | 1,309,738 | 600,057 | 4,736,490 | 203,038 | (4,322,311) |
| Deemed dividend related to beneficial conversion feature of Series B Convertible Preferred Stock | — | — | — | — | — | 0 | (420,000) | — |
| Preferred dividends | (377,680) | (351,549) | (320,000) | (320,000) | (320,000) | (320,000) | (312,807) | (90,667) |
| Net loss attributable to common shareholders | (5,278,773) | (9,658) | (708,545) | 989,738 | 280,057 | 4,416,490 | (529,769) | (4,412,978) |
| Basic loss per common share (in Dollars per share) | (1.62) | 0.00 | (0.22) | 0.30 | 0.09 | 1.36 | (0.16) | (1.36) |
| Diluted loss per common share (in Dollars per share) | (1.62) | 0.00 | (0.22) | 0.26 | 0.12 | 0.95 | (0.16) | (1.36) |
| Weighted average number of shares outstanding | ||||||||
| Basic (in Shares) | 3,255,887 | — | 3,255,887 | 3,255,887 | 3,255,887 | 3,255,887 | 3,255,887 | 3,255,887 |
| Diluted (in Shares) | 3,255,887 | 3,255,887 | 3,255,887 | 5,095,665 | 5,073,165 | 4,960,665 | 3,255,887 | 3,255,887 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.