Tel Instrument Electronics Corp (TIKK) Financial Statements (2024 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)

9/30/2023
MRQ
3/31/2023
12/31/2022
MRQ
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3,8393,2934,9503,4853,126586
Cash and cash equivalents3,8393,2934,9503,4853,126586
Restricted cash and investments 2,0112,0112,0112,0112,0092,005
Receivables1,5451,9621,0491,9331,4122,196
Inventory, net of allowances, customer advances and progress billings3,5863,3112,8203,4383,0932,933
Inventory3,5863,3112,8203,4383,0932,933
Prepaid expense149251    
Deferred costs2525    
Other undisclosed current assets   244263382275
Total current assets:11,15510,85311,07411,13110,0217,995
Noncurrent Assets
Operating lease, right-of-use asset1,5271,5751,7211,923307
Property, plant and equipment8582115201264236
Deferred income tax assets2,6282,5842,5002,6752,713
Other noncurrent assets353535353535
Other undisclosed noncurrent assets      64
Total noncurrent assets:4,2754,2764,3714,8343,318335
TOTAL ASSETS:15,43015,12915,44515,96413,3408,330
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4801,0519911,3631,2531,453
Employee-related liabilities411457513394
Accounts payable3235634069067401,058
Accrued liabilities158488174   
Deferred revenue123168120151145
Debt690   680807
Estimated litigation liability 6,361 6,0975,8895,6585,312
Due to related parties 6,291   3
Other liabilities 158 174366295432
Other undisclosed current liabilities28420020202215141
Total current liabilities:8,0967,7107,4037,9718,2458,148
Noncurrent Liabilities
Long-term debt and lease obligation:   1,5271,72192 
Liabilities, other than long-term debt1,4981,571289332327 
Deferred revenue174196289332327
Other liabilities      
Operating lease, liability1,3241,3751,5271,72192
Other undisclosed noncurrent liabilities 53  723 265
Total noncurrent liabilities:1,5521,5711,8162,776419265
Total liabilities:9,6489,2819,21810,7478,6648,412
Equity
Equity, attributable to parent, including:5,7825,8486,2275,2184,675(83)
Common stock326326326326326326
Additional paid in capital6,7226,7977,0187,3197,6177,915
Accumulated deficit(6,349)(6,278)(5,960)(7,270)(7,870)(12,607)
Warrants and rights outstanding      50
Other undisclosed equity, attributable to parent5,0835,0034,8434,8434,6034,233
Total equity:5,7825,8486,2275,2184,675(83)
TOTAL LIABILITIES AND EQUITY:15,43015,12915,44515,96413,3408,330

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues8,63110,57912,93311,58315,77512,116
Cost of revenue
(Cost of Goods and Services Sold)
(5,582)(6,414)(7,167)(6,800)(8,365)(6,699)
Gross profit:3,0494,1655,7654,7827,4105,417
Operating expenses(3,947)(4,400)(4,829)(4,709)(4,857)(4,762)
Operating income (loss):(898)(235)937732,552655
Nonoperating income (expense)381456549500(465)(452)
Investment income, nonoperating1764764
Other nonoperating income 628     
Interest and debt expense(0)(194)723723(56)(101)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  723 (723)56101
Income (loss) from continuing operations before equity method investments, income taxes:(517)7492,2085732,087203
Other undisclosed income (loss) from continuing operations before income taxes0(529)(723)   
Income (loss) from continuing operations before income taxes:(517)2201,4855732,087203
Income tax expense (benefit)128(62)(175)272,649 
Income (loss) from continuing operations:(389)1591,3106004,736203
Income (loss) before gain (loss) on sale of properties:(234)1,3106004,736203
Net income (loss) attributable to parent:(389)1591,3106004,736203
Preferred stock dividends and other adjustments(320)(240)   (420)
Other undisclosed net loss available to common stockholders, basic  (80)(320)(320)(320)(313)
Net income (loss) available to common stockholders, basic:(709)(161)9902804,416(530)
Convertible preferred dividends 160320320320313
Other undisclosed net loss available to common stockholders, diluted     (313)
Net income (loss) available to common stockholders, diluted:(709)(1)1,3106004,736(530)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
3/31/2023
12/31/2022
TTM
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net income (loss):(389)1591,3106004,736203
Comprehensive income (loss), net of tax, attributable to parent:(389)1591,3106004,736203

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: