Electronic Tele-Communications, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended of September 30, 2017
December 04, 2017 at 10:25 am EST
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Electronic Tele-Communications, Inc. reported earnings results for the third quarter and nine months ended of September 30, 2017. For the quarter, the company’s net sales were $131,079 compared to $225,388 for the third quarter of 2016. The net loss was $2,089 or $0.00 per Class A and B common share, compared to net earnings of $34,733 or $0.01 per Class A and B common share for the third quarter of 2016. Earnings from operations were $2,764 compared to $39,590 a year ago. Loss before income taxes was $2,089 compared to earnings before income taxes of $34,733 a year ago.
For the nine months, the company’s net sales were $458,092, compared to $745,374 for the first nine months of 2016. The net earnings were $21,540 or $0.01 per Class A and B common share, compared to net earnings of $119,371 or $0.05 per Class A and B common share for the first nine months of 2016. Earnings from operations were $35,939 compared to $134,148 a year ago. Earnings before income taxes were $21,540 compared to $119,371 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. 