• Tel Instrument posted a net loss of USD 4.9 million on net sales of USD 9.3 million, up 6% for fiscal 2025.
• Gross margin fell to 22%, down 24 percentage points from the prior fiscal year; operating loss widened to USD 2.3 million.
• Operating expenses climbed USD 1.1 million, up 33% year over year, due to the absence of client-funded engineering projects.
• CEO Jeffrey O’Hara said FY 2025 was hit by the CRAFT test set becoming obsolete; CRAFT shipments began in late FY 2026 while no Navy ECP units were delivered.
• Backlog stands at USD 11 million, including USD 3.5 million for Navy KIT production; full-rate ECP KIT production is slated to start in July 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tel Instrument Electronics Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20260630945534) on June 30, 2026, and is solely responsible for the information contained therein.