Sign in Subscribe
Computer peripherals industry

Teltronics Inc. Reports 49% Increase in Total Sales for Six Months Ended June 30, 1995

Strategic Insights

— 1 min read

Teltronics Inc., a diversified, vertically integrated designer, developer, manufacturer, and marketer of electronic peripheral hardware products and application software products for the telecommunication markets, has announced its unaudited results for the six-month period ended June 30, 1995. The company's total sales for the six months ended June 30, 1995, increased by 49% to $11,350,494, compared to $7,623,263 for the first six months of 1994. Net profit for the first half of 1995 was $220,998, in comparison to $171,618 for the first half of 1994, representing a 28% increase. The majority of the increase in sales has come from the expansion of the Long Distance Management market, which has traditionally carried a lower margin than other products of the company.

Key Takeaways:

  • Teltronics Inc. reported a 49% increase in total sales for the six months ended June 30, 1995, reaching $11,350,494.
  • The company's net profit for the first half of 1995 was $220,998, representing a 28% increase from $171,618 in the first half of 1994.
  • The expansion of the Long Distance Management market was the primary driver of sales growth, which traditionally carries a lower margin than other products.
  • Sales of Remote Maintenance products increased 21% in the second quarter over the first quarter of 1995.
  • Teltronics Inc.'s common stock trades on NASDAQ under the symbol "TELT."
  • Ewen Cameron, President and CEO of Teltronics Inc., is quoted in the press release, highlighting the company's focus on expanding its market presence through the development of innovative telecommunications software and hardware products.

Statistics:

  • $11,350,494: Total sales for the six months ended June 30, 1995.
  • $7,623,263: Total sales for the first six months of 1994.
  • $220,998: Net profit for the first half of 1995.
  • $171,618: Net profit for the first half of 1994.
  • 28%: Increase in net profit for the first half of 1995 over the same period in 1994.
  • 21%: Increase in sales of Remote Maintenance products in the second quarter over the first quarter of 1995.
  • $0.15: Net income per share for the six months ended June 30, 1995.
  • $0.30: Net income per share for the same period in 1994.

Sources:

  • Business Wire, August 15, 1995
  • Teltronics Inc. press release, August 15, 1995

Read more