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Aerosonic Reports Third Quarter Results

Stocks in this article: AIM

Aerosonic Corporation (NYSE MKT: 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 nine months ended October 26, 2012 and October 28, 2011, respectively, with the United States Securities and Exchange Commission.

  Three Months Ended   Nine Months Ended
(Unaudited) (Unaudited)
October 26, 2012   October 28, 2011 October 26, 2012   October 28, 2011
 
Sales, net $ 7,267,000 $ 7,320,000 $ 22,100,000 $ 20,450,000
Operating income (loss) $ 765,000 $ 336,000 $ 1,325,000 $ (267,000 )
Net income (loss) $ 454,000 $ 146,000 $ 730,000 $ (338,000 )
Basic earnings (loss) per share $ 0.12 $ 0.04 $ 0.19 $ (0.09 )
Diluted earnings (loss) per share $ 0.11 $ 0.04 $ 0.18 $ (0.09 )
 

Net sales for the third quarter of fiscal year 2013 decreased $53,000, or 0.7%, to $7,267,000 when compared to $7,320,000 for the third quarter of fiscal year 2012. During the third quarter of fiscal year 2013, net sales decreased from the prior year period on decreased sales of mechanical products and development services, partially offset by sales of sensors, spares, and repairs. Net sales for the nine months ended October 26, 2012 increased $1,650,000, or 8.1%, to $22,100,000 when compared to $20,450,000 for the nine months ended October 28, 2011. During the first nine months of fiscal year 2013, net sales increased from the prior year period in most product groups, including sensors, spares, repairs, and development services. Net sales of mechanical products were comparable between the nine-month fiscal periods.

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