Tel-Instrument Electronics Corp. (TIK: Quote) reported first-quarter net loss of $668,000 or $0.25 per share, wider than $80,795 or $0.03 per share last year.
Loss from operations were $948,798, compared income from operations of $213,771 in the prior year period.
Net sales for the quarter dropped to $1.18 million from $3.99 million in the comparable quarter last year.
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by RTT Staff Writer
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