Aerosonic Announces Fiscal Year End and Fourth Quarter 2001 Results

Twelve Months Ended Three Months Ended

January 31, January 31,

2001 2000 2001 2000

Net Sales $24,672,000 $ 23,271,000 $ 6,850,000 $ 6,279,000

Gross Profit 9,018,000 8,351,000 2,894,000 2,048,000

Profit Before tax 753,000 482,000 723,000 63,000

Income Tax Expense 297,000 222,000 285,000 64,000

Net Income $456,000 $260,000 $438,000 $(1,000)

Net Income Per Share $0.12 $0.07 $0.11 $0.00

Basic Weighted

Average Shares

Outstanding 3,917,687 3,937,078 3,920,562 3,937,078

Diluted Weighted

Average

Shares Outstanding 3,917,687 3,937,078 3,920,562 3,937,078



Apr 10, 2001, 01:00 ET from Aerosonic Corporation

    CLEARWATER, Fla., April 10 /PRNewswire/ -- Aerosonic Corporation
 (Amex:   AIM) announced today revenues and net income of $6,850,000 and
 $438,000, or $0.11 per common share, respectively, for the three months ended
 January 31, 2001.
     Revenues for the three months ended January 31, 2001 of $6,850,000
 represented an increase of  $571,000, or 9%, over revenues of $6,279,000 for
 the three months ended January 31, 2000 and an increase of $1,144,000 or 20%
 over the previous quarter ended October 31, 2000.  Revenues for the full year
 ended January 31, 2001 were $24,672,000, an increase of  $1,401,000, or 6%,
 over revenues of $23,271,000 for the year ended January 31, 2000.
     Net income for the three months ended January 31, 2001 of $438,000, or
 $0.11 per common share, represents an increase of $439,000 from the prior year
 period and also compares favorably to a net loss of $193,000, or $(0.05) per
 common share, for the Company's previous quarter ended October 31, 2000.  Net
 income for the full fiscal year ended January 31, 2001 was $456,000, or $0.12
 per common share, an increase of $196,000, or 75% over net income of $260,000,
 or $0.07 per common share, for the fiscal year ended January 31, 2000.
     Cash flow from operating activities for the twelve months ended increased
 by approximately $2,435,000 to $1,711,000 during fiscal year ended January 31,
 2001, from $(724,000) during the prior year period.  Reductions in accounts
 receivable and inventory contributed to the positive cash flow from
 operations.  The positive cash flow from operations was primarily used to
 lower the outstanding debt.
     The Company's sales order backlog as of January 31, 2001 was $36,878,000
 compared to the sales order backlog as on January 31, 2000 of $30,820,000.
 The increase in the sales order backlog is due, in part, to the Company's
 expanded relationships with Boeing, Lockheed Martin, Cessna and Bombardier.
 The new riflescope program award, previously announced in our press release
 dated November 8, 2000, has also contributed to the increased sales order
 backlog.
     "It is with great pride that I report our operating results for the fourth
 quarter and full year ended January 31, 2001," said J. Mervyn Nabors, the
 Company's Chief Executive Officer.  "The significant efforts made by
 management and each of the employees of Aerosonic during the past few years
 can now begin to be seen in our operating results.  Our commitment to building
 and delivering quality products and services has provided a foundation for new
 customer relationships and opportunities, as well as expanded relationships
 with existing customers.  This is evident in the increase in our sales order
 backlog as of January 31, 2001, and an increased interest by our customers in
 expanding our business with them.  I believe that Aerosonic is well-positioned
 to capitalize on the opportunities in our marketplace."
     This press release contains statements that constitute "forward-looking "
 statements within the meaning of the Securities Act of 1933 and the Securities
 Act of 1934, as amended by the Private Securities Litigation Reform Act of
 1995.  "Forward-looking" statements contained in this press release include
 the intent, belief or current expectations of the Company and its senior
 management team with respect to the future prospects of the Company's
 operations, and belief concerning profits from operations for FY2002 and the
 Company's overall future business prospects, as well as the assumptions upon
 which such statements are based.  Investors are cautioned that any such
 forward-looking statements are not guarantees of future performance, and
 involve risks, and that actual results may differ materially from those
 contemplated by such forward-looking statements.  Important factors currently
 known to management that could cause actual results to differ materially from
 those contemplated by the forward-looking statements in this press release
 include, but are not limited to, adverse developments with respect to the
 operations of the Company's business units, failure to meet operating
 objectives or to execute the business plan, and the failure to reach revenue
 or profit projections.  The Company undertakes no obligation to update or
 revise the forward-looking statements contained in this press release to
 reflect changed assumptions, the occurrence of unanticipated events or changes
 to future operating results over time.
 
 

SOURCE Aerosonic Corporation
    CLEARWATER, Fla., April 10 /PRNewswire/ -- Aerosonic Corporation
 (Amex:   AIM) announced today revenues and net income of $6,850,000 and
 $438,000, or $0.11 per common share, respectively, for the three months ended
 January 31, 2001.
     Revenues for the three months ended January 31, 2001 of $6,850,000
 represented an increase of  $571,000, or 9%, over revenues of $6,279,000 for
 the three months ended January 31, 2000 and an increase of $1,144,000 or 20%
 over the previous quarter ended October 31, 2000.  Revenues for the full year
 ended January 31, 2001 were $24,672,000, an increase of  $1,401,000, or 6%,
 over revenues of $23,271,000 for the year ended January 31, 2000.
     Net income for the three months ended January 31, 2001 of $438,000, or
 $0.11 per common share, represents an increase of $439,000 from the prior year
 period and also compares favorably to a net loss of $193,000, or $(0.05) per
 common share, for the Company's previous quarter ended October 31, 2000.  Net
 income for the full fiscal year ended January 31, 2001 was $456,000, or $0.12
 per common share, an increase of $196,000, or 75% over net income of $260,000,
 or $0.07 per common share, for the fiscal year ended January 31, 2000.
     Cash flow from operating activities for the twelve months ended increased
 by approximately $2,435,000 to $1,711,000 during fiscal year ended January 31,
 2001, from $(724,000) during the prior year period.  Reductions in accounts
 receivable and inventory contributed to the positive cash flow from
 operations.  The positive cash flow from operations was primarily used to
 lower the outstanding debt.
     The Company's sales order backlog as of January 31, 2001 was $36,878,000
 compared to the sales order backlog as on January 31, 2000 of $30,820,000.
 The increase in the sales order backlog is due, in part, to the Company's
 expanded relationships with Boeing, Lockheed Martin, Cessna and Bombardier.
 The new riflescope program award, previously announced in our press release
 dated November 8, 2000, has also contributed to the increased sales order
 backlog.
     "It is with great pride that I report our operating results for the fourth
 quarter and full year ended January 31, 2001," said J. Mervyn Nabors, the
 Company's Chief Executive Officer.  "The significant efforts made by
 management and each of the employees of Aerosonic during the past few years
 can now begin to be seen in our operating results.  Our commitment to building
 and delivering quality products and services has provided a foundation for new
 customer relationships and opportunities, as well as expanded relationships
 with existing customers.  This is evident in the increase in our sales order
 backlog as of January 31, 2001, and an increased interest by our customers in
 expanding our business with them.  I believe that Aerosonic is well-positioned
 to capitalize on the opportunities in our marketplace."
     This press release contains statements that constitute "forward-looking "
 statements within the meaning of the Securities Act of 1933 and the Securities
 Act of 1934, as amended by the Private Securities Litigation Reform Act of
 1995.  "Forward-looking" statements contained in this press release include
 the intent, belief or current expectations of the Company and its senior
 management team with respect to the future prospects of the Company's
 operations, and belief concerning profits from operations for FY2002 and the
 Company's overall future business prospects, as well as the assumptions upon
 which such statements are based.  Investors are cautioned that any such
 forward-looking statements are not guarantees of future performance, and
 involve risks, and that actual results may differ materially from those
 contemplated by such forward-looking statements.  Important factors currently
 known to management that could cause actual results to differ materially from
 those contemplated by the forward-looking statements in this press release
 include, but are not limited to, adverse developments with respect to the
 operations of the Company's business units, failure to meet operating
 objectives or to execute the business plan, and the failure to reach revenue
 or profit projections.  The Company undertakes no obligation to update or
 revise the forward-looking statements contained in this press release to
 reflect changed assumptions, the occurrence of unanticipated events or changes
 to future operating results over time.
 
 SOURCE  Aerosonic Corporation