Aerosonic Reports First 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 months ended April 27, 2012 with the United States Securities and Exchange Commission.
 
Three Months Ended
(Unaudited)
April 27, 2012   April 29, 2011
 
Sales, net $ 7,361,000 $ 6,709,000
Operating income (loss) $ 720,000 $ (382,000 )
Net income (loss) $ 413,000 $ (317,000 )
Basic earnings (loss) per share $ 0.11 $ (0.08 )
Diluted earnings (loss) per share $ 0.10 $ (0.08 )
 

Net sales for the first quarter of fiscal year 2013 increased $652,000, or 9.7%, to $7,361,000 when compared to $6,709,000 for the first quarter of fiscal year 2012. During the first quarter of fiscal year 2013, the net sales increased from the prior year on sales of development services and spares, partially offset by decreased sales of mechanical products and repairs, while sales of sensor products were comparable. Our net sales continue to be impacted by the ongoing recession in the business jet and general aviation markets.

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