Printer Friendly
The Free Library
19,585,952 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Aerosonic reports first quarter results.


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 12, 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) Wednesday Wednesday: see week.  reported a net loss of $199,000, or $.05 per share, for the first quarter ended April 30, 1996 as compared to a net income of $29,000, or $.01 per share, for the prior year quarter.

Included in the current quarter was a $225,000 final settlement of the Sensonics 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.  litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
, as previously reported.

Overall sales decreased $44,000 as compared to the prior year. However, included in prior year sales was a $292,000 settlement for "Termination for convenience of the Government." Exclusive of this, overall sales increased $248,000, or 5% over the prior year quarter. Instrument sales increased $387,000, or 9% over the prior year quarter and Ordnance sales decreased $139,000 or 30% from the prior year. -0-
                                 Aerosonic Corp.
                               Three Months Ended
                                   April 30,
                             1996              1995


Net sales                 $4,989,000        $5,033,000
Net income (loss)         $ (199,000)(a)        29,000
Net income (loss) per
  share                   $    (0.05)             0.01
Weighted average number
  of shares outstanding    3,802,000         3,793,000


Note (a): Included in the current quarter was a final settlement of the Sensonics patent litigation for $225,000. Without the settlement, the quarter would have shown a pretax loss pretax loss

A loss reported before tax benefits are considered.
 of $76,000, income tax effect would have been $29,000 and net loss would have been $47,000, or $.01 per share.

CONTACT: Aerosonic Corp., Clearwater

J. Mervyn Nabors

phone: 813/461-3000

fax: 813/447-5926
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Jun 12, 1996
Words:249
Previous Article:SNET board declares dividend.
Next Article:J.P. Morgan declares regular dividend.



Related Articles
Aerosonic reports fourth quarter results.
Aerosonic reports second quarter results.
Aerosonic reports third quarter results.
Aerosonic reports year end results.
Aerosonic announces year-end profits.
Aerosonic announces first quarter profits.
Aerosonic Announces Filing of Form 10-Q and Results for the Second Quarter of Fiscal Year 2006.
Aerosonic Announces Filing of Form 10-Q and Results for the Third Quarter of Fiscal Year 2006.
Aerosonic Announces Results for the Second Quarter of Fiscal Year 2007.
Aerosonic Reports Third Quarter Results.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles