Electronic Tele-Communications Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
November 12, 2014 at 10:43 am EST
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Electronic Tele-Communications Inc. announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net sales of $276,586 compared to $358,173 a year ago. Loss from operations was $61,826 compared to earnings from operations of $9,753 a year ago. Loss before income taxes was $67,704 compared to earnings before income taxes of $3,628 a year ago. Net loss was $67,704 or $0.03 per Class A and Class B common share compared to net earnings of $3,628 or $0.00 per Class A and Class B common share a year ago.
For the nine months, the company reported net sales of $1,220,583 compared to $1,283,296 a year ago. Loss from operations was $27,876 compared to earnings from operations of $40,588 a year ago. Loss before income taxes was $45,457 compared to earnings before income taxes of $111,815 a year ago. Net loss was $45,457 or $0.02 per Class A and Class B common share compared to net earnings of $111,815 or $0.04 per Class A and Class B common share a year ago.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 
