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) |
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