Tel-Instrument Electronics Corp. Reports Financial Results for First Quarter FY 2023 and Receipt of Navy Upgrade Contract for the CRAFT Test Set
EAST RUTHERFORD, N.J.–(BUSINESS WIRE)–Tel-Instrument Electronics Corp. (“Tel-Instrument,” “TIC,” or the “Company”) (OTCQB: TIKK), a leading designer and manufacturer of avionics test and measurement solutions, today reported a net loss of $233K or ($0.10) per basic and diluted share on revenues of $2.3 million for the first quarter of 2023 fiscal year, ended June 30, 2022. […]