Tel-Instrument Electronics Corp. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced sales was USD 2.672 million compared to USD 4.733 million a year ago. Operating loss was USD 224,037 compared to operating Income of USD 1.005 million a year ago. Net income was USD 499,633 compared to USD 907,577 a year ago. Basic earnings per share from continuing operations was USD 0.13 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.1 compared to USD 0.18 a year ago. For the nine months, sales was USD 8.948 million compared to USD 11.951 million a year ago. Operating income was USD 326,619 compared to USD 2.070 million a year ago. Net income was USD 833,361 compared to USD 1.701 million a year ago. Basic earnings per share from continuing operations was USD 0.18 compared to USD 0.45 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.35 a year ago.