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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)
COPYRIGHT 1997 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1997, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 15, 1997
Words:366
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