Tel-Instrument Electronics Corp. reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was USD 2.01 million compared to USD 3.61 million a year ago. Net loss was USD 0.477368 million compared to net income of USD 0.999676 million a year ago. Basic loss per share from continuing operations was USD 0.17 compared to basic earnings per share from continuing operations of USD 0.28 a year ago. Diluted loss per share from continuing operations was USD 0.17 compared to diluted earnings per share from continuing operations of USD 0.2 a year ago.
For the six months, sales was USD 4.27 million compared to USD 7.74 million a year ago. Net loss was USD 0.710237 million compared to net income of USD 1.58 million a year ago. Basic loss per share from continuing operations was USD 0.27 compared to basic earnings per share from continuing operations of USD 0.43 a year ago. Diluted loss per share from continuing operations was USD 0.27 compared to diluted earnings per share from continuing operations of USD 0.31 a year ago.