Passur Aerospace reports 44% increase in income

16 June 2014

Passur Aerospace, Inc (OTC: PSSR) said it has reported an increase in revenue of seven percent to USD5,709,000 for the six months ended April 30, 2014, compared to USD5,336,000 for the same period in fiscal year 2013.

For the six months ended April 30, 2014, income from operations was USD387,000 compared to USD270,000 in the same period of the previous fiscal year, an increase of 44 percent over the same period in fiscal year 2013. For the six months ended April 30, 2014, net income was USD145,000 or USD.02 per diluted share, compared to USD76,000 or USD.01 per diluted share, in the same period in fiscal year 2013.

Total revenue for the quarter ended April 30, 2014 increased six percent to USD2,813,000, compared to USD2,661,000 for the same period in fiscal year 2013. For the three months ended April 30, 2014, income from operations was USD219,000 compared to USD156,000 in the same period of the previous fiscal year, an increase of 41 percent over the prior fiscal year. For the three months ended April 30, 2014, net income was USD81,000 or USD.01 per diluted share, compared to USD64,000 or USD.01 per diluted share, in the same period in fiscal year 2013.

Passur Aerospace, Inc. is an aviation business intelligence and Big Data company that provides predictive analytics built on proprietary algorithms and the concurrent integration and simultaneous mining of multiple databases. Its website is at www.passur.com.

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