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AIRPORT SYSTEMS INTERNATIONAL, INC., ANNOUNCES FISCAL 1994 SECOND QUARTER AND FIRST-HALF FINANCIAL RESULTS

 OVERLAND PARK, Kan., Dec. 9 /PRNewswire/ -- Airport Systems International, Inc., (NASDAQ: ASII) today announced strong second quarter and first-half financial results.
 Sales for the three months that ended Oct. 31, 1993, increased 61 percent to $4,096,200 from $2,551,500 for the same period last year. Net income for the period reached $390,000, or $0.23 per share, compared with $42,800, or $0.02 per share, for the second quarter of 1993. Backlog at Oct. 31, 1993, was $18,138,000 compared with $15,771,000 at July 31, 1993.
 Second quarter results built on a strong first quarter; for the first six months of fiscal 1994 net sales were $8,405,100, up 52 percent over $5,524,500 for the first six months of fiscal 1993. Net income was $1,013,800, or $0.60 per share, compared with net income of $293,800, or $0.17 per share, for the same period last year.
 The company recently completed a public offering of 1,400,000 shares of which 700,000 were newly issued by the company. Per-share amounts for the three and six month periods ended Oct. 31, 1993, do not reflect any additional shares resulting from the offering. Third quarter and nine month results will reflect the pro-rata increase in the number of shares outstanding resulting from the offering.
 Airport Systems International, Inc., designs, manufactures, markets, and installs ground-based radio navigational equipment (navaids) for aircraft. ASII's systems provide aircraft with approach-to-landing and en-route guidance, permitting safe navigation and landing in all visibility conditions.
 AIRPORT SYSTEMS INTERNATIONAL, INC.
 Statements of Operations (Unaudited)
 (In thousands, except per-share amounts)
 Three Months Ended Six Months Ended
 October 31, October 31,
 1993 1992 1993 1992
 Sales $4,096 $2,552 $8,405 $5,525
 Net Income $ 390 $ 43 $1,014 $ 294
 Net Income Per Share $ 0.23 $ 0.02 $ 0.60 $ 0.17
 -0- 12/9/93
 /CONTACT: Thomas C. Cargin, vice president finance and administration, of Airport Systems International, Inc., 913-492-0861/
 (ASII)


CO: Airport Systems International, Inc. ST: Kansas IN: AIR SU: ERN

KL -- CL014 -- 2344 12/09/93 16:22 EST
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Publication:PR Newswire
Date:Dec 9, 1993
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