Electronic Tele-Communications Inc. Reports Financial Results for the Third Quarter and Nine Months Ended Sep. 30, 2016
November 08, 2016 at 08:28 pm
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Electronic Tele-Communications Inc. reported financial results for the third quarter and nine months ended Sep. 30, 2016. Sales for the quarter were $225,388 compared to $202,136 for the third quarter of 2015. The net earnings for the quarter were $34,733 or $0.01 per Class A common share, compared to a net loss of $114,266 or $0.05 loss per Class A common share for the third quarter of 2015. Earnings from operations was $39,590 against loss of $106,658 for the same period of last year. Earnings before income taxes was $34,733 against loss of $114,266 for the same period of last year.
Sales for the first nine months of 2016 were $745,374, compared to $624,318 for the first nine months of 2015. The net earnings for the first nine months of 2016 were $119,371 or $0.05 per Class A common share, compared to a net loss for the first nine months of 2015 of $331,916 or $0.13 loss per Class A common share. Earnings from operations was $134,148 against loss of $310,871 for the same period of last year. Earnings before income taxes was $119,371 against loss of $331,916 for the same period of last year.
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. 
