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For the nine months ended 31 December 2018, Tel-Instrument Electronics Corp. revenues increased 1% to $8M. Net loss applicable to common stockholders decreased 73% to $951K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Legal damages decrease from $2.1M (expense) to $0K, Litigation expenses decrease of 76% to $135K (expense).
Period Ending: | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 |
---|---|---|---|---|
Total Revenue | 3.98 | 2.22 | 1.81 | 2.07 |
Gross Profit | 1.97 | 1 | 0.48 | 0.55 |
Operating Income | 0.76 | -0.1 | -0.64 | -0.72 |
Net Income | 0.64 | -0.19 | -0.75 | -0.78 |
Period Ending: | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 |
---|---|---|---|---|
Total Assets | 8 | 7.19 | 7.45 | 8.1 |
Total Liabilities | 8.55 | 9.35 | 9.59 | 9.5 |
Total Equity | -0.55 | -2.17 | -2.14 | -1.4 |
Period Ending: | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 |
---|---|---|---|---|
Period Length: | 9 Months | 6 Months | 3 Months | 12 Months |
Cash From Operating Activities | -1.09 | -0.02 | 0 | -3.34 |
Cash From Investing Activities | 0 | 0 | 0 | -0.09 |
Cash From Financing Activities | 0.94 | -0.01 | -0.05 | 3.45 |
Net Change in Cash | -0.15 | -0.03 | -0.05 | 0.02 |
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