NJ TECH CORNER: Tel-Instruments Electronics Corporation

Photo: CEO Jeff C. O'Hara Photo Credit: Jeff O'Hara via LinkedIn

CEO Jeff C. O’Hara | Jeff O'Hara via LinkedIn

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.]

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