NJ TECH CORNER: Tel-Instruments Electronics Corporation
Company Overview
Tel-Instruments Electronics Corporation (NYSE: TIK) is a designer and manufacturer of avionics test and measurement solutions for commercial air transport, general aviation, government/military aerospace and defense markets. Founded in 1947, the East Rutherford-based company has a workforce of 30 employees.
Investment & Financial Information
|
Shares of common stock outstanding (as of Dec. 31, 2016): |
3,255,877 |
|
Share price of stock (as of Sept. 29, 2017 ) |
$3.30 |
|
Share price of stock (one year ago) |
$3.90 |
|
Current valuation (as of Sept. 29, 2017) |
$10.74 million |
|
Valuation one year ago |
$12.70 million |
|
Stock Symbol: |
NYSE:TIK |
|
Revenues (as of March 31, 2017) |
$18.745 million |
|
Revenues (previous year) |
$24.804 million |
|
Net Income (Loss) (as of March 31,2017) 9999/309/30/162015vvvvmontmonths ended) |
($4.759 million) |
|
Net Income (previous year) |
$1.004 million |
Management Team
|
Name |
Age |
Title |
|
Jeffrey C. O Hara |
59 |
President and CEO |
|
Michael Schirmer |
58 |
Chief Operating Officer |
|
Joseph P. Macaluso |
66 |
Principal Accounting Officer |
Board of Directors
|
Name |
Age |
Title |
|
Robert H. Walker |
82 |
Chairman; former Executive Vice President, Robotic Vision Systems, Inc.; former Chief Financial Officer, Tel-Instrument Electronics Corporation |
|
Jeffrey C. O Hara |
59 |
President, CEO |
|
Stephen A. Fletcher |
57 |
CEO, Rand McNally |
|
George J. Leon |
73 |
Investment Manager and Beneficiary, George Leon Family Trust |
|
Robert A. Rice |
62 |
President, Owner, Spurwink Cordage, Inc. |
Noteworthy Control
|
Name |
Shares of common stock owned |
% of total common shares |
|
Sadie Fletcher |
640,907 |
19.7% |
|
George J. Leon |
455,971 |
14.0% |
|
Vincent J. Dowling |
285,400 |
8.8% |
|
Jeffrey C. O Hara |
248,356 |
7.6% |
[All information for NJ Tech Corner was taken from the company’s annual reports and proxy statements and other company sources, with the exception of the company’s stock price and valuation.]
