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. 9, 1996--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 net income of $232,000, or $0.06 per share, for the second quarter ended July July: see month. 31, 1996 as compared to a net loss of $179,000, or $0.05 per share, for the same period in the prior fiscal year. Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. earnings equal $46,000, or $0.01 per share, through the six months ended July 31, 1996 as compared to a net loss of $150,000, or $0.04 per share, for the second period in the prior fiscal year. Included in the year-to-date earnings is the additional $225,000 charge against first quarter earnings for the final payment towards the settlement of a patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. suit filed by Sensonics Inc. Also included in the year-to-date earnings is a $41,000 gain recorded on the sale of the ordnance division assets in the second quarter. -0-
AEROSONIC CORP.
Three Months Ended Six Months Ended
July 31, July 31,
1996 1995 1996 1995
Net Sales $ 5,710,000 4,767,000 10,699,000 9,800,000
Net Income/(Loss) $ 232,000 (179,000) 46,000 (150,000)
Net Income/(Loss)
Per Share $ 0.06 (0.05) 0.01 (0.04)
Weighted Average
Number of Shares
and Common Shares
Equivalents 3,801,000 3,796,000 3,801,000 3,796,000
CONTACT: Aerosonic Corp., Clearwater J. Mervyn Nabors, 813/461-3000 813/447-5926 (fax) |
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