Electronic Tele-Communications Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Sales Guidance for the Full Year of 2015
August 14, 2015 at 11:30 am EDT
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Electronic Tele-Communications Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, sales were $239,072 compared to $451,262 for the second quarter of 2014. The net loss for the quarter was $47,103 or $0.02 per basic and diluted Class A common share, compared to net earnings of $6,163 or $0.00 per basic and diluted Class A common share for the second quarter of 2014. Loss from operations was $40,050 against earnings from operations of $12,032 a year ago. Loss before income taxes was $47,103 against earnings before income taxes of $6,163 a year ago. Basic and diluted loss per share per class B common was $0.02.
For the first six months of 2015, sales were $422,182, compared to $943,997 for the first six months of 2014. The net loss for the first six months of 2015 was $217,650 or $0.09 per basic and diluted Class A common share, compared to net earnings for the first six months of 2014 of $22,247 or $0.01 per basic and diluted Class A common share. Loss from operations was $204,213 against earnings from operations of $33,950 a year ago. Loss before income taxes was $217,650 against earnings before income taxes of $22,247 a year ago. Basic and diluted loss per share per class B common was $0.09 against basic and diluted earnings per share per class B common $0.01 a year ago.
The company projects sales to continue to be erratic throughout the rest of the year 2015.
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. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Sales Guidance for the Full Year of 2015
ELECTRONIC TELE-COMMUNICATIONS, INC. 
