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Another loss reported by Aerosonic

Aerosonic Corp., the struggling Clearwater maker of aircraft instrumentation, reported another loss for the quarter ended May 7. But its new president and chief executive, Douglas Hillman, pointed to a quarter-over-quarter improvement as a sign the company is moving in the right direction. For the most recent quarter, Aerosonic posted a loss of $236,000 or 7 cents a share on revenues of $6.7-million. That compares to a profit of $62,000 or 2 cents a share on sales of $6.8-million a year ago. The company blamed the continuing loss on costs associated with the consolidation of its Earlysville, Va. facilities with the Clearwater location.

Another loss reported by Aerosonic 06/17/08 [Last modified: Tuesday, June 17, 2008 9:13pm]

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