Aerosonic Announces Second Quarter Profits.CLEARWATER Clearwater, city, United States Clearwater, residential and resort city (1990 pop. 98,784), seat of Pinellas co., W central Fla., on the Pinellas peninsula, between Clearwater Bay and the Gulf of Mexico; inc. 1891. , Fla.--(BUSINESS WIRE)--Sept. 15, 1997--Aerosonic Corp. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AIM) Monday Monday: see week. reported a gross profit of $1,715,000, or $0.44 per share, for the second quarter ended July July: see month. 31, 1997, as compared to a gross profit of $1,511,000, or $0.40 per share, for the same period in the prior fiscal year. Net income for the second quarter equaled $206,000, or $0.05 per share, as compared to a net income of $232,000, or $0.06 per share, for the same period in the prior fiscal year. Included in the prior year's net income is a $41,000, or $0.01 per share, gain on the sale of the assets of the ordnance division. For the six months ended July 31, 1997, the company generated a gross profit of $3,577,000, or $0.92 per share, as compared to a gross profit of $2,878,000, or $0.76 per share, for the same period in the prior fiscal year. Net income year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. through the second quarter equals $484,000, or $0.12 per share, as compared to a net income of $33,000, or $0.01 per share, for the same period in the prior fiscal year. -0-
Aerosonic Corp.
Three Months Ended Six Months Ended
July 31, July 31,
1997 1996 1997 1996
Net Sales $4,893,000 $5,080,000 $10,220,000 $ 9,741,000
Gross Profit $1,715,000 $1,511,000 $ 3,577,000 $ 2,878,000
Income Before Taxes
From Continuing
Operations $ 316,000 $ 303,000 $ 741,000 $ 229,000
(Provision) For
Income Taxes $ (110,000) $ (115,000) $ (257,000)$ (90,000)
Net Income From
Continuing
Operations $ 206,000 $ 188,000 $ 484,000 $ 139,000
Discontinued
Ordnance Operations
net of income tax
(expense) benefit
of ($28,000) and
$50,000 $ 0 $ 44,000 $ 0 $ (106,000)
Net Income $ 206,000 $ 232,000 $ 484,000 $ 33,000
Net Income/(Loss)
Per Share $ 0.05 $ 0.06 $ 0.12 $ 0.01
Weighted Average
Number of Shares
and Common Shares
Equivalents 3,891,000 3,801,000 3,891,000 3,801,000
CONTACT: Aerosonic Corp., Clearwater J. Mervyn Nabors, 813/461-3000 813/447-5926 (fax) |
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