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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