PASSUR Aerospace reports 18% revenue increase in FY quarter ended July 31

PASSUR Aerospace, Inc. (OTC: PSSR) has reported revenue of USD3,827,000 for the three months ended July 31, 2016, compared to USD3,244,000 for the same period in fiscal year 2015, an increase of 18 percent, the company said.

The company reported net income was USD181,000, or USD0.02 per diluted share, for the for the three months ended July 31 2016, compared to USD22,000, or USD0.00 per diluted share, for the same period in fiscal year 2015.

For the nine months ended July 31, 2016, revenue increased 20 percent to USD11,072,000, compared to USD9,230,000 for the same period in fiscal year 2015. For the nine months ended July 31, 2016, net income was USD328,000 or USD0.04 per diluted share, compared to USD315,000 or USD0.04 per diluted share, in the same period in fiscal year 2015.

PASSUR Aerospace, Inc. is a business intelligence, predictive analytics and big data company, providing support technology for the aviation industry. PASSUR Aerospace owns and operates a large commercial passive radar network that provides aircraft position updates every one to 4.6 seconds, powering a proprietary database that is accessible in real-time.