Aerosonic Reports First Quarter Results

Aerosonic Corporation (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 quarter ended May 2, 2008, with the United States Securities and Exchange Commission. For the fiscal quarter ended May 2, 2008, the Company reported revenues of approximately $6.7 million, down 2.5% as compared to revenues of approximately $6.8 million for the fiscal quarter ended April 27, 2007. This decrease compared to last year was primarily attributed to consolidation of the Earlysville, Virginia facilities with the Florida location. The Company reported a net loss for the quarter ended May 2, 2008 of approximately $236,000, or ($0.07) basic and diluted earnings per share, versus a net profit of approximately $62,000, or... [read full story]