ETC announces Q3 2017 results

Electronic Tele-Communications, Inc. (ETC) (Pink Sheets:ETCIA) reported third quarter 2017sales were USD 131,079 for the quarter, compared to USD 225,388 for the third quarter of 2016, the company said.

The net loss for the quarter was USD 2,089 or USD 0.00 per Class A common share, compared to net earnings of USD 34,733 or USD 0.01 per Class A common share for the third quarter of 2016.

Sales for the first nine months of 2017 were USD 458,092, compared to USD 745,374 for the first nine months of 2016. The net earnings for the first nine months of 2017 were USD 21,540 or USD 0.01 per Class A common share, compared to net earnings of USD 119,371 or USD 0.05 per Class A common share for the first nine months of 2016.

Electronic Tele-Communications supplies voice announcers and Voice Application Platforms to domestic and foreign telephone utilities under the Audichron® and Digicept® brand names. ETC also supports a network of Time Weather and Temperature systems installed throughout the United States. ETC´s equipment provides a wide range of audio information and call handling systems via telephone networks, computer networks, and the Internet.