PASSUR Aerospace reports revenues of USD 3.7m in quarter ended July 31

PASSUR Aerospace, Inc. (OTC: PSSR) has announced USD 3,716,000 in revenues for the quarter ended July 31, 2018, a 12% increase of USD 384,000, compared with USD 3,332,000 in the same quarter of fiscal year 2017, the company said.

For the nine months ended July 31, 2018, revenues totaled USD 10,731,000, compared with USD 10,371,000 for the same period in fiscal year 2017, an increase of USD 360,000, or 3%.

For the three months ended July 31, 2018, the Company incurred a net loss of USD 2,677,000, or USD 0.35 per diluted share, compared with a net loss of USD 598,000, or USD 0.08 per diluted share for the same period in fiscal year 2017.

For the nine months ended July 31, 2018, the Company incurred a net loss of USD 4,868,000, or USD 0.63 per diluted share, compared with a net loss of USD 720,000, or USD 0.09 per diluted share for the same period in fiscal year 2017.

Business highlights during the quarter include:

-A signed a contract with an additional international airline.
-A signed a contract with DLA Piper LLP, as part of its engagement with the Port Authority of New York & New Jersey, to be its sole industry advisor in connection with an investigation into the events at JFK Airport during and following the winter storm of January 4, 2018.
-A deployed PASSUR Regional Diversion Manager (PASSUR RDM), the first product of its kind, with Dallas/Fort Worth International Airport (DFW), 21 surrounding regional airports, and airline stakeholders.
-A signed a contract with another major airport to purchase PASSUR RDM in September, 2018.

PASSUR Aerospace, Inc., a global leader in digital operational excellence, provides 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.