This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Aerosonic Reports Second Quarter 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 Quarterly Report on Form 10-Q for the three and six-months ended July 29, 2011, with the United States Securities and Exchange Commission.

                 
Three Months Ended Six Months Ended
(Unaudited) (Unaudited)
July 29, 2011     July 30, 2010 July 29, 2011     July 30, 2010
 
Sales, net $ 6,421,000 $ 6,813,000 $ 13,130,000 $ 13,744,000
Operating (loss) income $ (221,000 ) $ 280,000 $ (603,000 ) $ 679,000
Net (loss) income $ (167,000 ) $ 18,000 $ (484,000 ) $ 277,000
Basic (loss) income per share $ (0.04 ) $ 0.00 $ (0.13 ) $ 0.07
Diluted (loss) income per share $ (0.04 ) $ 0.00 $ (0.13 ) $ 0.07
 

Net sales for the second quarter of fiscal year 2012 decreased $392,000, or 5.8%, to $6,421,000 when compared to $6,813,000 for the second quarter of fiscal year 2011. During the second quarter of fiscal year 2012, the sales volume decreased from the prior year on reduced sales of mechanical instruments, partially offset by increased sales of transmitter products, sensor products, spares, repairs and development services. Net sales for the six months ended July 29, 2011 decreased $614,000, or 4.5%, to $13,130,000 when compared to $13,744,000 for the six months ended July 30, 2010. During the six months of fiscal year 2012, the sales volume decreased from the prior year by approximately $1.8 million on reduced sales of mechanical instruments and sensor products, offset by approximately $1.2 million of increased sales volume of repairs, spares, and other products, contributing to the net decrease of $0.6 million. Our revenues continue to be impacted by the ongoing recession in the business jet and general aviation markets.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs