Tel Instrument Electronics Corp (TIKK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
ONE BRANCA ROAD EAST RUTHERFORD, NJ 07073 |
| State of Incorp. | NJ |
| Fiscal Year End | March 31 |
| Industry (SIC) | 367 - Electronic Components And Accessories (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 3/31/2024 | 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 132 | 221 | 3,839 | 4,950 | 3,485 | 3,126 | |||
| Cash and cash equivalents | 132 | 221 | 3,839 | 4,950 | 3,485 | 3,126 | |||
| Restricted cash and investments | 2,011 | 2,011 | 2,011 | 2,009 | |||||
| Receivables | 1,111 | 1,176 | 1,545 | 1,049 | 1,933 | 1,412 | |||
| Inventory, net of allowances, customer advances and progress billings | 5,412 | 4,320 | 3,586 | 2,820 | 3,438 | 3,093 | |||
| Inventory | 5,412 | 4,320 | 3,586 | 2,820 | 3,438 | 3,093 | |||
| Prepaid expense | 186 | 216 | 149 | ||||||
| Deferred costs | 28 | 28 | 25 | ||||||
| Other undisclosed current assets | 244 | 263 | 382 | ||||||
| Total current assets: | 6,868 | 5,961 | 11,155 | 11,074 | 11,131 | 10,021 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,324 | 1,376 | 1,527 | 1,721 | 1,923 | 307 | |||
| Property, plant and equipment | 73 | 83 | 85 | 115 | 201 | 264 | |||
| Deferred income tax assets | 2,451 | 2,630 | 2,628 | 2,500 | 2,675 | 2,713 | |||
| Other noncurrent assets | 35 | 35 | 35 | 35 | 35 | 35 | |||
| Total noncurrent assets: | 3,883 | 4,125 | 4,275 | 4,371 | 4,834 | 3,318 | |||
| TOTAL ASSETS: | 10,752 | 10,085 | 15,430 | 15,445 | 15,964 | 13,340 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 1,526 | 1,256 | 480 | 991 | 1,363 | 1,253 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 411 | 457 | 513 | ||
| Accounts payable | 1,277 | 804 | 323 | 406 | 906 | 740 | |||
| Accrued liabilities | 249 | 452 | 158 | 174 | |||||
| Deferred revenue | 73 | 83 | 123 | 120 | 151 | 145 | |||
| Debt | 690 | 690 | 690 | 680 | |||||
| Estimated litigation liability | 6,361 | 6,097 | 5,889 | 5,658 | |||||
| Other liabilities | 120 | 158 | 174 | 366 | 295 | ||||
| Other undisclosed current liabilities | 210 | 208 | 284 | 20 | 202 | 215 | |||
| Total current liabilities: | 2,619 | 2,237 | 8,096 | 7,403 | 7,971 | 8,245 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation: | 1,527 | 1,721 | 92 | ||||||
| Liabilities, other than long-term debt | 1,280 | 1,345 | 1,498 | 289 | 332 | 327 | |||
| Deferred revenue | 120 | 129 | 174 | 289 | 332 | 327 | |||
| Other liabilities | 46 | 48 | |||||||
| Operating lease, liability | 1,114 | 1,168 | 1,324 | 1,527 | 1,721 | 92 | |||
| Other undisclosed noncurrent liabilities | 53 | 723 | |||||||
| Total noncurrent liabilities: | 1,280 | 1,345 | 1,552 | 1,816 | 2,776 | 419 | |||
| Total liabilities: | 3,898 | 3,582 | 9,648 | 9,218 | 10,747 | 8,664 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 6,854 | 6,504 | 5,782 | 6,227 | 5,218 | 4,675 | |||
| Common stock | 326 | 326 | 326 | 326 | 326 | 326 | |||
| Additional paid in capital | 6,379 | 6,472 | 6,722 | 7,018 | 7,319 | 7,617 | |||
| Accumulated deficit | (6,007) | (6,355) | (6,349) | (5,960) | (7,270) | (7,870) | |||
| Other undisclosed equity, attributable to parent | 6,156 | 6,061 | 5,083 | 4,843 | 4,843 | 4,603 | |||
| Total equity: | 6,854 | 6,504 | 5,782 | 6,227 | 5,218 | 4,675 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,752 | 10,085 | 15,430 | 15,445 | 15,964 | 13,340 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 8,809 | 4,551 | 8,631 | 12,933 | 11,583 | 15,775 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (4,792) | (3,971) | (5,582) | (7,167) | (6,800) | (8,365) | ||
| Gross profit: | 4,017 | 580 | 3,049 | 5,765 | 4,782 | 7,410 | ||
| Operating expenses | (3,281) | (2,734) | (3,947) | (4,829) | (4,709) | (4,857) | ||
| Operating income (loss): | 737 | (2,154) | (898) | 937 | 73 | 2,552 | ||
| Nonoperating income (expense) | (217) | (420) | 381 | 549 | 500 | (465) | ||
| Other nonoperating income | 27 | 628 | ||||||
| Interest and debt expense | (199) | (772) | (0) | 723 | 723 | (56) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (723) | 56 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 321 | (3,346) | (517) | 2,208 | 573 | 2,087 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 199 | 772 | 0 | (723) | ||||
| Income (loss) from continuing operations before income taxes: | 520 | (2,573) | (517) | 1,485 | 573 | 2,087 | ||
| Income tax expense (benefit) | (178) | 409 | 128 | (175) | 27 | 2,649 | ||
| Income (loss) from continuing operations: | 342 | (2,164) | (389) | 1,310 | 600 | 4,736 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 1,310 | 600 | 4,736 | |
| Net income (loss) attributable to parent: | 342 | (2,164) | (389) | 1,310 | 600 | 4,736 | ||
| Preferred stock dividends and other adjustments | (352) | (337) | (320) | |||||
| Other undisclosed net loss available to common stockholders, basic | (320) | (320) | (320) | |||||
| Net income (loss) available to common stockholders, basic: | (10) | (2,502) | (709) | 990 | 280 | 4,416 | ||
| Convertible preferred dividends | 174 | 320 | 320 | 320 | ||||
| Other undisclosed net loss available to common stockholders, diluted | (240) | |||||||
| Net income (loss) available to common stockholders, diluted: | (10) | (2,567) | (709) | 1,310 | 600 | 4,736 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 3/31/2024 | 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 342 | (2,164) | (389) | 1,310 | 600 | 4,736 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 342 | (2,164) | (389) | 1,310 | 600 | 4,736 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.