Tel-Instrument Electronics Corp. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was USD 2.33 million compared to USD 3.17 million a year ago. Net income was USD 0.392627 million compared to USD 0.194622 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.04 a year ago. Diluted earnings per share from continuing operations was USD 0.08 compared to USD 0.04 a year ago.
For the nine months, sales was USD 6.59 million compared to USD 10.91 million a year ago. Net loss was USD 0.31761 million compared to net income of USD 1.77 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 0.47 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 0.35 a year ago.