Electronic Tele-Communications Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2015
March 11, 2016 at 11:10 pm IST
Share
Electronic Tele-Communications Inc. announced earnings results for the fourth quarter and year ended December 31, 2015. Sales for the quarter were $213,527 compared to $256,165 for the fourth quarter of 2014. The net earnings for the quarter were $41,800 or $0.01 per Class A common share, compared to a net loss of $51,678 or $0.02 per Class A common share for the fourth quarter of 2014. Earnings from operations was $50,098 and earnings before income taxes was $41,800 against loss from operations of $45,667 and loss before income taxes of $51,678 a year ago.
Sales for 2015 were $837,845, compared to $1,476,748 for 2014. The net loss for 2015 was $290,116 or $0.12 per Class A common share, compared to a net loss for 2014 of $97,135 or $0.04 per Class A common share. Loss from operations was $260,773 and loss before income taxes was $290,116 against loss from operations of $73,543 and loss before income taxes of $97,135 a year ago.
Electronic Tele-Communications, Inc. designs, manufactures, and markets digital voice information systems and related services. Its equipment provides a range of audio and computer information and call handling capabilities via telephone networks, computer networks, and the Internet. Its digital voice information systems deliver network interoperability and various applications. Its applications include automatic callback, changed number with call completion, repeat dialing, and wake-up/reminder services enable providers to differentiate themselves from their competition. It offers a range of services, which include professional recording, turn-key installations, on-site trainings, and 24-hour technical support. It provides time weather temperature systems and related services. Its customers include independent telephone companies, long distance companies, wireless carriers, cable companies, utilities, telecommunications manufacturers, and other businesses and organizations.
ELECTRONIC TELE-COMMUNICATIONS, INC. 