Aerosonic Announces Third Quarter Results.

CLEARWATER, Fla.--(BUSINESS WIRE)--Dec. 6, 1999--

Aerosonic Corp. (ASE:AIM) announced Monday its operating results for the quarter ended Oct. 31, 1999.

Sales and gross profit for the third quarter of FY1999 increased for the three and nine months ended Oct. 31, 1999 compared to the prior year periods. Net income for the quarter and nine months ended Oct. 31, 1999 was $68,000, or $0.02 per share, and $261,000, or $0.07 per share respectively, versus $51,000, or $0.01 per share, and $389,000, or $0.10 per share in the prior year periods. -0-

                     Three Months Ended          Nine Months Ended
                          Oct. 31,                    Oct. 31,
                      1999         1998          1999         1998

Net Sales          $6,237,000   $4,748,000   $16,992,000   $14,964,000
Gross Profit        2,249,000    1,906,000     6,302,000     5,762,000
Profit Before
 Taxes                109,000       81,000       418,000       610,000
Income Tax Expense     41,000       30,000       158,000       221,000
Net Income         $   68,000   $   51,000   $   260,000   $   389,000
Net Income Per
 Share             $     0.02   $     0.01   $      0.07   $      0.10
Basic Weighted
 Average Shares
 Outstanding        3,934,000    3,945,000     3,941,000     3,942,000
Diluted Weighted
 Average Shares
 Outstanding        3,934,000    3,945,000     3,941,000     3,943,000

This press release contains statements that constitute "forward-looking" statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. "Forward-looking" statements contained in this press release include the intent, belief or current expectations of the company and its senior management team with respect to the future prospects of the company's operations, and belief concerning profits from operations in the fourth quarter of FY2000 and the company's overall future business prospects, as well as the assumptions upon which such statements are based. Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those contemplated by the forward-looking statements in this press release include, but are not limited to, adverse developments with respect to the operations of the company's business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The company undertakes no obligation to update or revise the forward-looking statements contained in this press release to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.