Tel-Instrument Electronics Corp. Reports Financial Results For Third Quarter FY 2024
Revenues for the third quarter were $2.4 million, a 3% increase from $2.3 million in the year-ago quarter.
- Revenues for the third quarter were $2.4 million, a 3% increase from $2.3 million in the year-ago quarter.
- The gross margin percentage increased to 40% versus 38% in the year-ago quarter.
- Operating expenses decreased by $239K, a 25% decline versus the year-ago level as a result of funded engineering projects.
- The third quarter represented a modest improvement, but we are still being impacted by supply chain issues that are delaying customer shipments.