PASSUR Aerospace reports 18% revenue increase quarter ended April 30

PASSUR Aerospace, Inc. (OTC: PSSR) has reported revenue increased 18 percent to USD3,809,000 for the three months ended April 30, 2016, compared to USD3,221,000 for the same period in fiscal year 2015, the company said.

For the six months ended April 30, 2016, revenue increased 21 percent to USD7,245,000, compared to USD5,986,000 for the same period in fiscal year 2015.

Net income was USD122,000, or USD0.02 per diluted share, for the three months ended April 30, 2016, compared to USD152,000, or USD0.02 per diluted share, for the same period in fiscal year 2015.

For the six months ended April 30, 2016, net income was USD147,000 or USD0.02 per diluted share, compared to USD293,000 or USD0.04 per diluted share, in the same period in fiscal year 2015.

PASSUR Aerospace, Inc. is a business intelligence company, providing predictive analytics and decision support technology for the aviation industry primarily to improve the operational performance and cash flow of airlines and the airports where they operate.