$10.4 M

TIK Mkt cap, 11-Oct-2018

$1.8 M

Tel-Instrument Electronics Revenue Q1, 2019
Tel-Instrument Electronics Gross profit (Q1, 2019)481.3 K
Tel-Instrument Electronics Gross profit margin (Q1, 2019), %26.5%
Tel-Instrument Electronics Net income (Q1, 2019)-746.1 K
Tel-Instrument Electronics EBIT (Q1, 2019)-641.8 K
Tel-Instrument Electronics Cash, 30-Jun-2018254.7 K
Tel-Instrument Electronics EV12.1 M

Tel-Instrument Electronics Revenue

Tel-Instrument Electronics revenue was $10.02 m in FY, 2018 which is a 46.5% year over year decrease from the previous period.

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Tel-Instrument Electronics Revenue Breakdown

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Tel-Instrument Electronics revenue breakdown by business segment: 26.2% from Avionics Commercial and 73.8% from Avionics Government

Tel-Instrument Electronics Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

15.8m18.2m24.8m18.7m10.0m

Revenue growth, %

15%36%(24%)(47%)

Cost of goods sold

9.5m12.8m16.8m12.1m6.9m

Gross profit

6.4m5.4m8.0m6.7m3.1m

Gross profit Margin, %

40%30%32%36%31%

R&D expense

2.4m2.3m

General and administrative expense

3.1m3.1m3.4m2.6m2.5m

Operating expense total

3.1m3.1m3.4m9.1m7.5m

EBIT

1.4m330.4k2.6m2.4m(4.4m)

EBIT margin, %

9%2%10%13%(44%)

Interest expense

275.3k145.7k58.1k40.4k59.8k

Interest income

226.0866.0

Pre tax profit

704.4k(359.8k)1.9m(2.1m)(4.4m)

Income tax expense

442.8k(79.4k)852.0k2.6m(63.5k)

Net Income

261.5k(280.4k)1.0m(4.8m)(4.3m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019

Revenue

4.0m4.1m3.1m3.6m5.0m5.8m6.8m6.0m5.3m5.1m4.2m3.5m1.8m1.8m

Cost of goods sold

2.8m2.7m2.0m2.7m3.5m4.0m4.6m3.9m3.5m3.3m2.6m2.3m1.4m1.3m

Gross profit

1.3m1.4m1.1m869.3k1.5m1.8m2.2m2.0m1.9m1.8m1.6m1.2m399.9k481.3k

Gross profit Margin, %

32%34%36%24%31%31%33%34%35%36%39%35%22%27%

General and administrative expense

671.4k697.9k879.2k660.0k825.3k865.7k883.9k767.9k911.7k875.1k865.4k706.3k626.4k566.5k

Operating expense total

1.1m1.1m1.4m1.2m1.3m1.4m1.3m1.3m1.5m1.5m1.5m1.7m3.3m1.1m

Depreciation and amortization

38.1k

EBIT

155.8k248.3k(242.9k)(288.4k)225.8k457.5k915.9k725.3k380.0k366.7k153.9k(462.8k)(2.9m)(641.8k)

EBIT margin, %

4%6%(8%)(8%)4%8%13%12%7%7%4%(13%)(162%)(35%)

Interest expense

97.4k50.8k62.5k57.4k39.1k29.6k25.8k23.7k17.8k17.5k11.6k9.6k14.7k34.0k

Interest income

34.0129.0998.0

Pre tax profit

(61.6k)(87.1k)(497.2k)(375.1k)7.9k494.2k370.2k453.5k578.1k381.8k177.9k(286.1k)(2.9m)(746.1k)

Income tax expense

10.9k58.9k(113.2k)(126.9k)28.8k215.2k170.7k227.0k167.7k109.8k36.4k

Net Income

(72.5k)(145.9k)(384.0k)(248.2k)(20.9k)279.1k199.5k226.6k410.3k272.1k141.5k(286.1k)(2.9m)(746.1k)

Tel-Instrument Electronics Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

232.1k185.9k972.6k287.9k307.8k

Accounts Receivable

1.6m1.1m

Prepaid Expenses

188.6k147.7k

Inventories

263.6k281.0k128.1k4.2m4.3m

Current Assets

7.8m7.2m7.8m6.2m7.8m

PP&E

161.4k180.8k

Total Assets

10.6m9.9m10.1m6.4m8.1m

Accounts Payable

2.3m2.8m1.7m1.4m2.3m

Short-term debt

718.8k387.8k418.3k492.0k1.0m

Current Liabilities

5.4m4.6m3.8m6.0m9.2m

Long-term debt

15.9k6.9k

Total Debt

718.8k387.8k418.3k507.9k1.0m

Total Liabilities

5.4m6.5m9.5m

Common Stock

325.6k325.6k

Additional Paid-in Capital

8.0m8.0m8.1m8.1m8.0m

Retained Earnings

(4.5m)(4.7m)(3.7m)(8.5m)(12.8m)

Total Equity

3.6m4.7m(54.4k)(1.4m)

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

2.7 x2.2 x-118.4 x-5.8 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q1, 2019

Cash

145.8k216.3k202.5k243.1k332.0k178.0k795.4k629.1k412.6k830.5k1.2m234.8k130.2k254.7k

Accounts Receivable

1.4m1.1m844.7k542.6k614.2k1.9m860.9k1.0m2.3m1.9m1.1m1.2m1.1m672.9k

Inventories

4.7m4.5m4.6m4.5m4.6m4.5m4.7m4.8m4.0m3.7m4.5m4.2m4.5m4.1m

Current Assets

7.7m7.4m7.4m7.1m7.1m8.0m7.8m7.8m8.1m7.0m7.4m5.7m5.7m7.2m

PP&E

164.0k

Total Assets

10.9m10.4m10.2m10.0m9.9m10.4m10.0m9.8m10.2m9.0m9.3m5.9m5.9m7.5m

Accounts Payable

2.8m2.2m3.3m3.6m3.7m3.9m3.0m2.3m2.1m1.7m2.1m1.9m2.4m2.6m

Short-term debt

745.1k424.7k429.7k396.2k186.3k77.8k950.5k

Current Liabilities

6.1m5.5m5.4m5.0m5.0m5.0m4.1m3.6m4.5m3.1m3.4m5.8m8.8m9.3m

Long-term debt

854.4k807.9k607.9k517.0k411.6k196.0k87.3k3.7k534.01.0m950.0k

Total Debt

745.1k854.4k807.9k607.9k517.0k411.6k620.7k517.0k399.9k186.8k1.0m1.9m

Total Liabilities

7.6m7.2m6.8m6.7m6.7m6.5m5.9m5.4m5.1m3.6m3.8m6.2m9.2m9.6m

Additional Paid-in Capital

7.9m7.9m8.0m8.0m8.0m8.1m8.1m8.1m8.1m8.1m8.1m8.1m8.1m

Retained Earnings

(4.9m)(5.0m)(4.8m)(5.1m)(5.1m)(4.5m)(4.3m)(4.0m)(3.3m)(3.0m)(2.9m)(8.8m)(11.7m)(13.6m)

Total Equity

3.4m3.2m3.5m3.3m3.3m3.9m4.1m4.4m5.1m5.4m5.5m(2.1m)

Debt to Equity Ratio

0.2 x0.3 x0.2 x0.2 x0.1 x0.1 x0.1 x0.1 x0.1 x-0.9 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x0.1 x0.1 x0 x0.1 x0.1 x0 x0 x0.2 x0.3 x

Financial Leverage

3.3 x3.2 x2.9 x3.1 x3 x2.6 x2.4 x2.2 x2 x1.7 x1.7 x-3.5 x

Tel-Instrument Electronics Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

261.5k(280.4k)1.0m(4.8m)(4.3m)

Depreciation and Amortization

202.9k177.3k164.8k120.2k70.1k

Accounts Receivable

(1.5m)473.0k188.1k(102.0k)461.3k

Inventories

(707.7k)

Accounts Payable

(2.0m)521.9k(1.1m)(258.1k)879.5k

Cash From Operating Activities

432.6k401.3k1.5m387.7k(3.3m)

Purchases of PP&E

(65.9k)(11.2k)(61.3k)(88.1k)(89.4k)

Cash From Investing Activities

(65.9k)(11.2k)(61.3k)(88.1k)(89.4k)

Long-term Borrowings

(526.1k)(1.6m)(391.6k)(1.2m)(292.0k)

Cash From Financing Activities

(445.0k)(436.3k)(615.4k)(984.4k)3.4m

Net Change in Cash

(684.4k)19.9k

Interest Paid

310.5k166.0k59.1k228.4k68.7k

Income Taxes Paid

1.3k20.5k50.0k

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2019

Net Income

(72.5k)(145.9k)(384.0k)(248.2k)(20.9k)279.1k199.5k226.6k410.3k272.1k141.5k(746.1k)

Depreciation and Amortization

45.1k16.7k

Accounts Receivable

1.3m542.6k614.2k1.9m860.9k1.0m2.3m1.9m1.1m422.2k

Cash From Operating Activities

148.0k170.0

Cash From Investing Activities

(1.1k)

Long-term Borrowings

(156.1k)(1.6k)

Cash From Financing Activities

(176.5k)(53.2k)

Interest Paid

53.6k18.6k

Income Taxes Paid

20.5k

Tel-Instrument Electronics Ratios

USDY, 2018

EV/EBIT

-18.8 x

EV/CFO

71 k x

Debt/Equity

-0.9 x

Debt/Assets

0.3 x

Financial Leverage

-3.5 x
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Tel-Instrument Electronics Operating Metrics

Tel-Instrument Electronics's Backlog was reported to be $1.9m in Q1, 2018.
FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018

Backlog

$28.74 m$24.80 m$19.70 m$15 m$11.63 m$10.20 m$7.50 m$5 m$3.23 m$1.90 m
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