Electronic Tele-Communications Inc. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
March 12, 2015 at 10:39 am
Share
Electronic Tele-Communications Inc. announced earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net sales of $256,165 compared to $431,846 a year ago. Loss from operations was $45,667 compared to earnings from operations of $41,736 a year ago. Loss before income taxes was $51,678 compared to earnings before income taxes of $35,696 a year ago. Net loss was $51,678 or $0.02 per Class A and Class B common share compared to net earnings of $35,696 or $0.01 per Class A and Class B common share a year ago.
For the year, the company reported net sales of $1,476,748 compared to $1,715,142 a year ago. Loss from operations was $73,543 compared to earnings from operations of $82,324 a year ago. Loss before income taxes was $97,135 compared to earnings before income taxes of $147,511 a year ago. Net loss was $97,135 or $0.04 per Class A and Class B common share compared to net earnings of $147,511 or $0.06 per Class A and Class B common share a year ago. Sales lagged 2013 and resulted in a loss for the year after 3 years of positive earnings.
The company anticipates a tough 2015 year in both sales and earnings and are taking steps to reduce expenses including but not limited to employment expenses.
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. Announces Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
ELECTRONIC TELE-COMMUNICATIONS, INC. 
