Passur Aerospace, Inc. Reports Earnings Results for the Second Quarter Ended April 30, 2021
June 11, 2021 at 06:50 pm
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PASSUR Aerospace, Inc. announced earnings results for the second quarter ended April 30, 2021. For the second quarter, the company announced sales was USD 1.461 million compared to USD 3.178 million a year ago. Operating income was USD 207,177 compared to operating loss of USD 11.512 million a year ago. Net loss was USD 50,536 compared to USD 11.731 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 1.52 a year ago. For the half year, sales was USD 3.159 million compared to USD 7.404 million a year ago. Operating income was USD 608,974 compared to operating loss of USD 11.853 million a year ago. Net income was USD 84,861 compared to net loss of USD 12.314 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 1.6 a year ago.
PASSUR Aerospace, Inc. is a business intelligence company. The Company provides predictive analytics and decision support technology for the aviation industry primarily to improve the operational performance and cash flow of airlines, airports, fixed based operators (FBOs) and air navigation service providers (ANSPs). It also provides a cloud-based platform, ARiVA, that manages and optimizes operations for customers. The Company delivers digital solutions that are essential to global aviation operations, meeting the needs of global air travel. Its suite of ARiVA products includes ARiVA PLATFORM, ARiVA DATA, and ARiVA LFM. ARiVA PLATFORM includes TEMPO, AWARE and WORKFLOW. ARiVA TEMPO is a Web-hosted flight tracking solution. ARiVA AWARE continuously forecasts and alerts to achieve the execution of the daily operation. ARiVA WORKFLOW provides a collaborative environment that integrates operational data and workflows to support common operating scenarios on a single, real-time platform.