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Aerosonic Reports Fourth Quarter And Fiscal Year 2011 Results

Aerosonic Corporation (NYSE Amex:AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its Annual Report on Form 10-K for the year ended January 31, 2011, with the United States Securities and Exchange Commission.
  Quarters Ended January 31,       Year Ended January 31,
2011   2010 2011   2010
Sales, net $ 8,825,000 $ 6,711,000 $ 29,618,000 $ 31,136,000
Operating income $ 693,000 $ 480,000 $ 1,717,000 $ 4,143,000
Net income $ 255,000 $ 1,602,000 $ 625,000 $ 4,261,000
Basic income per share $ 0.07 $ 0.43 $ 0.17 $ 1.15
Diluted income per share $ 0.06 $ 0.40 $ 0.15 $ 1.09

For its fiscal quarter ended January 31, 2011, the Company reported net sales of approximately $8.8 million, up 32% as compared to net sales of approximately $6.7 million for the fiscal quarter ended January 31, 2010 due to increases in the sale of sensor devices, spares, and other sales. Net sales were $29.6 million during fiscal year 2011, a decrease of $1.5 million, or 5%, compared to $31.1 million for fiscal year 2010. During fiscal year 2011, our sales volume decreased from the prior year by approximately $5.1 million on reduced demand for air data products, sensing products, spares, electronic display instruments and air data test equipment, offset by approximately $3.1 million of increased sales volume of instrumentation and $0.5 million of repairs and other sales.

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