PASSUR® Aerospace FY2015 revenue up 9%

PASSUR® Aerospace, Inc. (OTC: PSSR) said its revenue for the fiscal year ended October 31, 2015 increased nine percent to USD12,538,000, compared to USD11,490,000 for the prior fiscal year.

Net income was USD279,000, or USD0.04 per diluted share, in fiscal year 2015, compared to USD348,000, or USD0.04 per diluted share, in the prior fiscal year. The company also increased its number of employees by 19 percent.

In 2015, the company was awarded four major airline contracts. In addition, PASSUR was selected to provide the first industry dashboard for reporting on and analyzing air transportation system performance improvements attributable to the deployment of key Next Generation Air Transportation System (NextGen) capabilities by the RTCA, an organization that develops technical guidance for use by government regulatory authorities and the aviation industry.

The airline contracts included the sale of PASSUR Integrated Traffic Management (PITM) to a major US airline, system-wide. This deployment includes modules for diversion management, traffic flow management, and surface management.

PASSUR® Aerospace 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.