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PASSUR Aerospace Reports Revenue Increases of 23% for 2nd Quarter and 22% for First Six Months of Fiscal 2009
Greenwich, CT — PASSUR Aerospace, Inc announced total revenues for second quarter 2009 were up approximately 23% to $2,344,000, compared to $1,903,000 in the same quarter of the previous fiscal year. Net profit was $27,000 or $.01 per share in the second quarter ended April 30, 2009, compared to a net profit of $127,000 or $.02 per share in the same quarter of fiscal 2008.
Total revenues for first six months of fiscal 2009 were up approximately 22% to $4,421,000 compared to $3,610,000 in the same period of the previous fiscal year. For the six months ending April 30, 2009, the company had a net profit of $103,000 or $.02 per share, compared to a net profit of $279,000 or $.05 per share in the same period of fiscal 2008.
“We remain focused on selling solutions that dramatically improve our customers’ financial performance – and we believe our continued growth shows that the strategy is working,” said Jim Barry, PASSUR Aerospace’s President and CEO. “These are challenging times for our industry, and each of its sectors has felt the impact. We feel confident that our capabilities which help save money and reduce delays for airlines, improve landing fee efficiencies and revenue for airports, and enhance sales and profitability for our corporate aviation customers are the right solutions at the right time.”
“We continue to be pleased with our sales growth, we like our strategy, and we are optimistic about our prospects – even in this challenging environment,” said G.S. Beckwith Gilbert, PASSUR Aerospace’s Chairman of the Board.
About PASSUR Aerospace
PASSUR Aerospace owns and operates a unique database of flight information with proprietary decision-making software, primarily powered by a growing international network of passive radars (PASSURs) located at more than 100 airports world-wide, including all of the top 35 U.S. airports – from which it provides PASSUR information, analytics, and decision support tools to improve the financial condition and operational efficiency of aviation organizations. PASSUR Aerospace offers unique user friendly information as well as decision algorithms which provide innovative commercial air traffic solutions to more than 50 airports, including customers at 8 of the top 10 U.S. airports; to dozens of airlines, including 7 of the top 10 U.S. airlines; and to more than 200 corporate aviation customers, as well as to the U.S. Government. In addition, the company has created and implemented collaborative web-based software that allows the company’s customers to instantly share information to improve individual and joint decision making, creating additional value for those customers.
Visit PASSUR Aerospace’s web site at www.passur.com for updated products, solutions and PASSUR news.
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