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Aerosonic announces first 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)--June 4, 1997--Aerosonic (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) announced first quarter profits. -0-
                                               Three Months Ended
                                                    April 30,
                                               1997          1996

   Net Sales                              $ 5,327,000   $ 4,661,000
   Income (Loss) Before Taxes             $   425,000   $  (301,000)
   Benefit (Provision) For Income Taxes   $  (147,000)  $   102,000
   Net Income/(Loss)                      $   278,000   $  (199,000)
   Net Income/(Loss) Per Share            $      0.07   $     (0.05)
   Weighted Average Number of Shares
    and Common Shares Equivalents           3,816,000     3,801,000




Aerosonic Corp. Wednesday Wednesday: see week.  reported a net income of $278,000, or $0.07 per share, for the first quarter ended April 30, 1997, as compared to a net loss of $199,000, or $0.05 per share, for the same period in the prior fiscal year. The above figures reflected for the first quarter ended April 30, 1996 include operations from the ordnance division, which was discontinued dis·con·tin·ue  
v. dis·con·tin·ued, dis·con·tin·u·ing, dis·con·tin·ues

v.tr.
1. To stop doing or providing (something); end or abandon:
 through an asset sale in June June: see month.  1996.

"We are pleased with our continued profitability through the first quarter," said J. Mervyn Nabors, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and chairman of the board. "Further efforts will continue to be made to enhance the profitability of the company," stated Nabors.

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:Jun 4, 1997
Words:200
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