PASSUR® Aerospace revenue up Q1 2016

PASSUR® Aerospace, Inc. (OTC: PSSR) revenue increased 24 percent to USD3,435,000 for the three months ended January 31, 2016, compared to USD2,764,000 for the same period in fiscal year 2015, the company said.

Net income was USD25,000, or USD0.00 per diluted share, for the three months ended January 31 2016, compared to USD141,000, or USD0.02 per diluted share, for the same period in fiscal year 2015.

The revenue increase was largely due to increased recurring subscription sales to airline customers, while the increase in costs was largely due to increasing our team to more aggressively pursue near-term revenue opportunities in the market.

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.