Private company

TEL INSTRUMENT ELECTRONICS CORP

TEL INSTRUMENT ELECTRONICS CORP is an American electronic components and accessories company.1 It is headquartered in East Rutherford, New Jersey.1

Last updated Oct 21, 2026.

Overview

  • IndustryElectronic Components & Accessories1
  • HeadquartersEast Rutherford, New Jersey1
  • Incorporated inNJ2
  • Business addressOne Branca Road, East Rutherford, Nj 070732
  • Filer categoryNon-accelerated filer, Smaller reporting company2

We have not experienced any work stoppages, and we consider our relationship with our employees to be good.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

21.5%Gross margin4
-25.2%Operating margin4
-52.7%Net margin4
5.5%Revenue growth, 20254
-246.6%Return on equity4
-$440.9KFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue52¢$7.3M
  • Research and development15¢$2.1M
  • Selling, general and admin16¢$2.3M
  • Income tax17¢$2.5M

Out of $9.3M in revenue.4 The company lost money this year.

Financial statements

Revenue567894$9.3M in 2025−23% since 2019
0$5.0M$10.0M$15.0M$20.0M2019: $12.1M$12.1M20192020: $15.8M$15.8M2020+30%2021: $11.6M$11.6M2021−27%2022: $12.9M$12.9M2022+12%2023: $8.6M$8.6M2023−33%2024: $8.8M$8.8M2024+2%2025: $9.3M$9.3M2025+6%
Gross profit567894$2.0M in 2025−63% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $5.4M$5.4M20192020: $7.4M$7.4M2020+37%2021: $4.8M$4.8M2021−35%2022: $5.8M$5.8M2022+21%2023: $3.0M$3.0M2023−47%2024: $4.0M$4.0M2024+32%2025: $2.0M$2.0M2025−50%
Operating income567894-$2.3M in 2025
-$4.0M-$2.0M0$2.0M$4.0M2019: $654.9K$654.9K20192020: $2.6M$2.6M2020+290%2021: $73.4K$73.4K2021−97%2022: $936.7K$936.7K2022+1176%2023: -$898.1K-$898.1K20232024: $736.8K$736.8K20242025: -$2.3M-$2.3M2025
Net income567894-$4.9M in 2025
-$5.0M-$2.5M0$2.5M$5.0M2019: $203.0K$203.0K20192020: $4.7M$4.7M2020+2233%2021: $600.1K$600.1K2021−87%2022: $1.3M$1.3M2022+118%2023: -$388.5K-$388.5K20232024: $341.9K$341.9K20242025: -$4.9M-$4.9M2025
Fiscal year2019202020212022202320242025
Revenue$12.1M5$15.8M6$11.6M7$12.9M8$8.6M9$8.8M4$9.3M4
Cost of revenue$6.7M5$8.4M6$6.8M7$7.2M8$5.6M9$4.8M4$7.3M4
Gross profit$5.4M5$7.4M6$4.8M7$5.8M8$3.0M9$4.0M4$2.0M4
Research and development$2.3M5$2.2M6$2.3M7$2.5M8$1.8M9$1.2M4$2.1M4
Selling, general and admin$2.2M5$2.5M6$2.2M7$2.3M8$2.1M9$2.1M4$2.3M4
Operating expenses$4.8M8$3.9M9$3.3M4$4.3M4
Operating income$654.9K5$2.6M6$73.4K7$936.7K8-$898.1K9$736.8K4-$2.3M4
Interest$100.8K5$55.6K6$29.8K7$08$1578
Income before tax$1.5M8-$516.7K9$519.8K4-$2.4M4
Income tax$05-$2.6M6-$27.0K7$175.5K8-$128.1K9$177.9K4$2.5M4
Net income$203.0K5$4.7M6$600.1K7$1.3M8-$388.5K9$341.9K4-$4.9M4
Earnings per share-$0.165$1.366$0.097$0.308-$0.229$0.004-$1.624
Earnings per share (diluted)-$0.165$0.956$0.127$0.268-$0.229$0.004-$1.624
Shares (weighted, basic)3.3M shares83.3M shares93.3M shares43.3M shares4
Shares (weighted, diluted)5.1M shares83.3M shares93.3M shares43.3M shares4

Compare TEL INSTRUMENT ELECTRONICS CORP with another company

Corporate structure

TEL INSTRUMENT ELECTRONICS CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TEL INSTRUMENT ELECTRONICS CORP

  • Vincent J. Dowling Jr. Filed SCHEDULE 13G/A on TEL INSTRUMENT ELECTRONICS CORP, latest Feb 6, 2025 (4 filings since Jan 27, 2022)
  • TEL INSTRUMENT ELECTRONICS CORP East Rutherford, New Jersey

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TEL INSTRUMENT ELECTRONICS CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$3.3M4 Mar 31, 2025$3.2M4 Mar 31, 2024+1.0%
Property and equipment, net$42.1K4 Mar 31, 2025$73.2K4 Mar 31, 2024−42.5%
Operating-lease assets (leased space)$1.1M4 Mar 31, 2025$1.3M4 Mar 31, 2024−15.9%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$121.6K4 Mar 31, 2025$132.0K4 Mar 31, 2024−7.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$4.0M4 Mar 31, 2025$5.4M4 Mar 31, 2024−25.6%
Work in process$1.5M4 Mar 31, 2025$2.9M4 Mar 31, 2024−47.4%
Finished goods$172.7K4 Mar 31, 2025$48.6K4 Mar 31, 2024+255.2%
Supplies$2.3M4 Mar 31, 2025$2.5M4 Mar 31, 2024−5.2%

Properties, in its own words

The Company leases its general office and manufacturing facility in East Rutherford, NJ (approximately 27,000 square feet). In April 2021, the Company extended the lease term for another eight years until August 31, 2029, at an initial monthly rate of $21,237 and ending in a monthly rate of $23,083. Under terms of the lease, the Company is also responsible for its proportionate share of the additional rent to include all real estate taxes, insurance, snow removal, landscaping, and other building charges. The Company is also responsible for the utility costs for the premises.

The Company also leased a small office in Lawrence, Kansas under an operating lease agreement. In October 2025, the Company terminated the lease and closed this office. The Company leases an apartment near the New Jersey Plant for the use of Tel’s Chief Executive Officer. The lease was extended by the Company in April 2026 and is set to expire in April 2027.

The rest of Item 2

We believe that our facilities are adequate for our needs for the foreseeable future. Tel is unaware of any environmental problems in connection with its location and because of the nature of its manufacturing activities, does not anticipate any such problems.

Item 2 of the 10-K filed Jun 30, 2026.3

Leadership

Who has led TEL INSTRUMENT ELECTRONICS CORP, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (13)

Timeline

  1. Jul 1, 20268-K Results of operations30
  2. Apr 29, 20258-K Change of auditor31
  3. Feb 14, 20258-K Results of operations32
  4. Nov 18, 20248-K Results of operations33
  5. Aug 15, 20248-K Results of operations34
  6. Jul 1, 20248-K Results of operations35
  7. Jun 13, 20248-K Other events36
  8. Feb 14, 20248-K Results of operations37
  9. Nov 15, 20238-K Results of operations38
  10. Sep 18, 20238-K Entered a material agreement; Unregistered sale of shares; Change to shareholders' rights39
  11. Aug 14, 20238-K Results of operations40
  12. Jul 27, 20238-K Other events41
  13. Feb 1, 2011New chief executive Jeff C. Ohara becomes CEO14
  14. Apr 18, 2006New chief executive Harold K. Fletcher becomes CEO15

Calendar

When it reported results

  1. Jul 1, 2026Reported quarterly or annual results30
  2. Feb 14, 2025Reported quarterly or annual results32
  3. Nov 18, 2024Reported quarterly or annual results33
  4. Aug 15, 2024Reported quarterly or annual results34
  5. Jul 1, 2024Reported quarterly or annual results35
  6. Feb 14, 2024Reported quarterly or annual results37
  7. Nov 15, 2023Reported quarterly or annual results38
  8. Aug 14, 2023Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

48 filings to the SEC since October 2021: 4 annual reports, 11 quarterly reports, 20 major events, 5 insider forms, 4 large holders, 4 other. The latest 20:

  1. Jul 1, 20268-K EDGAR
  2. Jun 30, 202610-K EDGAR
  3. Aug 15, 2025NT 10-Q EDGAR
  4. Jul 1, 2025NT 10-K EDGAR
  5. Apr 29, 20258-K EDGAR
  6. Mar 5, 2025144 EDGAR
  7. Feb 14, 20258-K EDGAR
  8. Feb 13, 202510-Q EDGAR
  9. Feb 6, 2025SCHEDULE 13G/A EDGAR
  10. Nov 18, 20248-K EDGAR
  11. Nov 14, 202410-Q EDGAR
  12. Aug 15, 20248-K EDGAR
  13. Aug 14, 202410-Q EDGAR
  14. Jul 1, 20248-K EDGAR
  15. Jun 28, 202410-K EDGAR
  16. Jun 13, 20248-K EDGAR
  17. Feb 14, 20248-K EDGAR
  18. Feb 13, 20245 EDGAR
  19. Feb 13, 2024SC 13G/A EDGAR
  20. Feb 13, 202410-Q EDGAR

The 48 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 7, 2022Dowling Vincent J. Jr10% ownerBuy50,000$1.52$76.0KForm 4
Aug 26, 2022Dowling Vincent J. Jr10% ownerBuy35,000$1.79$62.6KForm 4
Aug 18, 2022Dowling Vincent J. Jr10% ownerBuy10,000$2.04$20.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Vincent J. Dowling Jr.SCHEDULE 13G/A, 4 filings Jan 27, 2022 to Feb 6, 202542

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$114.0M 2008–2026
Without federal contracts$1.4M 2020–2021
Without federal contractsWithout federal contracts, 2020–2021: $1.4M in all. PPP loans $1.4M.$0$200K$400K$600K$800K2020 · PPP loans: $722.6K20202021 · PPP loans: $722.6K2021
Figures by year
YearPPP loansFederal contractsTotal
2026–$4.0M$4.0M
2025–$3.3M$3.3M
2024–$1.6M$1.6M
2023–$812.1K$812.1K
2022–$4.7M$4.7M
2021$722.6K$3.8M$4.5M
2020$722.6K$504.1K$1.2M
2019–$2.0M$2.0M
2018–$2.3M$2.3M
2017–$931.1K$931.1K
2016–$4.4M$4.4M
2015–$1.8M$1.8M
2014–$10.7M$10.7M
2013–$6.9M$6.9M
2012–$1.5M$1.5M
2011–$23.1M$23.1M
2010–$15.6M$15.6M
2009–$18.0M$18.0M
2008–$6.7M$6.7M

Federal awards

Obligated amounts from USAspending.gov43, by calendar year, 2008–2026, for 2 registered units, including subsidiaries under the same parent. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Apr 8, 2011$16.4M from Department of the Navy: An/usm-708 production units44 To TEL-INSTRUMENT ELECTRONICS CORP Award 0013
  2. Jun 7, 2010$7.4M from Department of the Navy: Tacan tester production units45 To TEL-INSTRUMENT ELECTRONICS CORP Award 0002
  3. Jul 6, 2009$6.0M from Department of the Army: Mode 5 kits46 To TEL-INSTRUMENT ELECTRONICS CORP Award 0004
  4. Jul 7, 2010$5.1M from Department of the Navy: Communication/navigation radio frequency avionics flightline tester (craft)47 To TEL-INSTRUMENT ELECTRONICS CORP Award 0010
  5. Jul 20, 2006$5.0M from Defense Contract Management Agency: Naval air engineering station tel-instrument electronics cor garden st carlstadt nj carlstadt bergen new jersey electrical elct properties m48 To TEL-INSTRUMENT ELECTRONICS CORP Award 0001

PPP loans

Paycheck Protection Program loans of $150,000 and up, approved April 2020 to July 2021, from the SBA49. Matched to this company by name and state.

  1. May 1, 2020$722.6K PPP loan (first draw) from Bank of America, National Association49To TEL-INSTRUMENT ELECTRONICS CORP, East Rutherford NJ; $727.1K forgiven Dec 16, 2020
  2. Mar 12, 2021$722.6K PPP loan (second draw) from Bank of America, National Association49To TEL-INSTRUMENT ELECTRONICS CORP, East Rutherford NJ; $726.2K forgiven Sep 15, 2021

SEC filer profile

How TEL INSTRUMENT ELECTRONICS CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTEL INSTRUMENT ELECTRONICS CORP1
  • CIK0000096885
  • Employer ID (EIN)22-14418063
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inNew Jersey3
  • Fiscal year endsMarch 311
  • Industry code (SIC)3670 Electronic Components & Accessories1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressOne Branca Road, East Rutherford, NJ 070731
  • Phone20193316001
  • Shares outstanding3,255,887 shares as of Jun 29, 20263
  • Public float$5.2M as of Sep 30, 20243
  • AuditorCBIZ CPAs P.C., Marlton, New Jersey PCAOB ID 199; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJan 25, 19961
  • Filings716 in all: 4 (266), 8-K (183), 10-Q (86), 10-K (30), 4/A (23), DEF 14A (17), NT 10-K (16), 3 (13)1
    All 29 form types

    UPLOAD (13), NT 10-Q (12), CORRESP (10), SC 13G/A (10), 5 (5), 10-Q/A (4), SC 13D (4), 10-K/A (3), 10QSB (3), PRE 14A (3), SC 13G (3), D (2), SC 13D/A (2), 144 (1), 25-NSE (1), 8-A12B (1), 8-K/A (1), CERTAMX (1), NTN 10Q (1), S-8 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Jun 30, 2026
    Quarterly report (10-Q) Feb 13, 2025
    Proxy statement (DEF 14A) Jan 11, 2022
    Latest 8-K (8-K) Jul 1, 2026

Risk factors and legal proceedings

Legal proceedings

Contingencies are recorded in the audited consolidated financial statements when it is probable that a liability will be incurred and the amount of the loss is reasonably estimable, or otherwise disclosed, in accordance with Accounting Standards Codification 450, Contingencies (ASC 450). Significant judgment is required in both the determination of probability and the determination as to whether a loss is reasonably estimable. In the event the Company determines that a loss is not probable, but is reasonably possible, and it becomes possible to develop what the Company believes to be a reasonable range of possible loss, then the Company will include disclosures related to such matter as appropriate and in compliance with ASC 450. To the extent there is a reasonable possibility that the losses could exceed the amounts already accrued, the Company will, when applicable, adjust the accrual in the period the determination is made, disclose an estimate of the additional loss or range of loss or if the amount of such adjustment cannot be reasonably estimated, disclose that an estimate cannot be made.

The opening of Item 3, Legal Proceedings.3

Sources

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