|Quarters Ended January 31,||Year Ended January 31,|
|Basic income per share||$||0.07||$||0.43||$||0.17||$||1.15|
|Diluted income per share||$||0.06||$||0.40||$||0.15||$||1.09|
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.
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.