TEL INSTRUMENT ELECTRONICS CORP — Form 8-K
Filed July 1, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Tel-Instrument (market cap $5.2M) reported FY2025 ended March 31, 2025 net loss of $4.9M on $9.3M revenue (6% YoY growth). Gross margin collapsed to 22% (from 46%), operating loss $2.3M, and tax loss carryforward reversal drove the net loss. However, current backlog is $11M ($3.5M Navy KIT of $20M contract), Navy full-rate ECP KIT production commencing July 2026 expected to add $5M annual revenue, and $866.5K preferred stock fundraising completed (CEO invested $166.5K personally).
Why this rating
Major product-line obsolescence and 24-pt margin collapse are severe near-term damage (relative to 5.2M cap), but $11M backlog and imminent $5M+ Navy contract shipments offer material turnaround catalyst. Loss is ~94% of annual revenue—critical stress, but contract de-risks survival.
Extracted items
- 2.02 results / earnings
- 9.01 exhibits
View original filing on SEC.gov ↗
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