PASSUR Aerospace, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2022
June 11, 2022 at 12:48 am IST
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PASSUR Aerospace, Inc. reported earnings results for the second quarter and six months ended April 30, 2022. For the second quarter, the company reported sales was USD 1.34 million compared to USD 1.46 million a year ago. Net loss was USD 1.37 million compared to USD 0.050536 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.18 compared to USD 0.01 a year ago.
For the six months, sales was USD 2.86 million compared to USD 3.16 million a year ago. Net loss was USD 1.8 million compared to net income of USD 0.084861 million a year ago. Basic loss per share from continuing operations was USD 0.23 compared to basic earnings per share from continuing operations of USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.23 compared to diluted earnings per share from continuing operations of USD 0.01 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.