Tel-Instrument Electronics Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported net sales of $3,673,235 against $4,261,222 for the same period last year. Income from operations was $87,607 against $412,270 for the same period last year. Income before income taxes was $75,142 against $134,397 for the same period last year. Net income was $97,431 or $0.04 per diluted share against $29,012 or $0.01 per diluted share for the same period last year. For the nine months, the company reported net sales of $11,337,800 against $9,772,435 for the same period last year. Income from operations was $438,798 against loss from operations of $105,226 for the same period last year. Income before income taxes was $382,800 against loss before income taxes of $470,582 for the same period last year. Net income was $376,596 or $0.14 per diluted share against net loss of $334,394 or $0.13 per diluted share for the same period last year. The company provided revenue guidance for the fourth quarter of fiscal 2012. Revenue growth in the fourth quarter of the current fiscal year is expected to materially accelerate with the full rate production of the AN/USM-708 and initial production of the TS-4530 units.