Tel Instrument Electronics Corp (TIKK) financial statements (2020 and earlier)

Company profile

Business Address ONE BRANCA ROAD
EAST RUTHERFORD, NJ 07073
State of Incorp. NJ
Fiscal Year End March 31
SIC 367 - Electronic Components And Accessories (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,667586308288973186232
Cash and cash equivalents1,667586308288973186232
Restricted cash and investments2,0082,0052,001    
Receivables2,8132,1961,0951,5561,4541,6252,096
Inventory, net of allowances, customer advances and progress billings3,0712,9334,2704,2084,6794,0324,025
Inventory3,0712,9334,2704,2084,6794,0324,025
Deferred costs     5108
Other undisclosed current assets3622751481897071,3451,353
Total current assets:9,9207,9957,8216,2417,8137,1947,815
Noncurrent Assets
Operating lease, right-of-use asset358
Property, plant and equipment263236181161194271451
Deferred costs     948
Other noncurrent assets35353534373248
Other undisclosed noncurrent assets646464 2,0652,3782,273
Total noncurrent assets:7203352791952,2962,6892,820
TOTAL ASSETS:10,6408,3308,1016,43610,1089,88310,634
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,3281,4532,9971,9602,5774,0052,290
Accounts payable 1,0582,3081,4281,6862,812 
Accrued liabilities  241  595199
Employee-related liabilities488394448527837594444
Taxes payable   454  
Interest and dividends payable     3 
Other undisclosed accounts payable and accrued liabilities841     1,647
Deferred revenue200
Debt9218079298428405772
Derivative instruments and hedges, liabilities  95    
Estimated litigation liability5,5715,3125,0602,800   
Due to related parties 33146213170123
Deferred revenue and credits 124491937
Other liabilities 432241599502595 
Other undisclosed current liabilities490141724200 (599)2,139
Total current liabilities:8,5118,1489,1576,0263,7694,5955,362
Noncurrent Liabilities
Long-term debt and lease obligation147 716325713618
Long-term debt, excluding current maturities   2305709597
Capital lease obligations 71421521
Operating lease, liability147
Liabilities, other than long-term debt   4481,342936544
Deferred revenue and credits 353173134134
Due to related parties    25250 
Other liabilities    83356
Derivative instruments and hedges, liabilities   951,136519354
Other undisclosed noncurrent liabilities347265338   250
Total noncurrent liabilities:4942653454641,6671,6491,412
Total liabilities:9,0058,4129,5026,4905,4366,2446,774
Stockholders' equity
Stockholders' equity attributable to parent, including:1,635(83)(1,401)(54)4,6723,6403,861
Preferred stock  3,036    
Common stock326326326326326326325
Additional paid in capital7,6917,9158,0478,1078,0758,0467,987
Accumulated deficit(10,905)(12,607)(12,810)(8,487)(3,728)(4,732)(4,452)
Warrants and rights outstanding5050     
Other undisclosed stockholders' equity attributable to parent4,4734,233     
Total stockholders' equity:1,635(83)(1,401)(54)4,6723,6403,861
TOTAL LIABILITIES AND EQUITY:10,6408,3308,1016,43610,1089,88310,634

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

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Revenues16,05512,11610,02518,74524,80518,19615,828
Revenue, net 18,74524,80518,19615,828
Cost of revenue(8,420)(6,699)(6,895)(12,061)(16,819)(12,780)(9,464)
Cost of goods and services sold(8,420)(6,699)(6,895)(12,061)(16,819)(12,755)(9,464)
Other undisclosed gross profit     24 
Gross profit:7,6355,4173,1306,6847,9865,4416,364
Operating expenses(4,930)(4,762)(7,536)(9,056)(5,406)(5,110)(5,000)
Operating income (loss):2,705655(4,407)(2,372)2,5803301,364
Nonoperating income (expense)(502)(452)21257(724)(690)(660)
Interest and debt expense(273)(101)(60)(40)(58)(334)(108)
Other undisclosed income from continuing operations before equity method investments, income taxes273101604058334108
Income (loss) from continuing operations before income taxes:2,203203(4,386)(2,115)1,856(360)704
Income tax expense (benefit)  64(2,644)(852)79(443)
Net income (loss) attributable to parent:2,203203(4,322)(4,759)1,004(280)262
Preferred stock dividends and other adjustments(80)(420)(91)    
Other undisclosed net loss available to common stockholders, basic(240)(313)     
Net income (loss) available to common stockholders, basic:1,883(530)(4,413)(4,759)1,004(280)262
Convertible preferred dividends24031391    
Dilutive securities, effect on basic earnings per share   (103)   
Other undisclosed net income (loss) available to common stockholders, diluted(80)(313)(91)   72
Net income (loss) available to common stockholders, diluted:2,043(530)(4,413)(4,862)1,004(280)333

Comprehensive Income ($ in thousands)

12/31/2019
TTM
3/31/2019
3/31/2018
3/31/2017
3/31/2016
3/31/2015
3/31/2014
Net income (loss):2,203203(4,322)(4,759)1,004(280)262
Comprehensive income (loss), net of tax, attributable to parent:2,203203(4,322)(4,759)1,004(280)262

Statements sources

The financial statements are based on the company's filings with the 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: