{"id":457949,"date":"2021-03-15T15:47:15","date_gmt":"2021-03-15T19:47:15","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=457949"},"modified":"2021-03-15T15:47:15","modified_gmt":"2021-03-15T19:47:15","slug":"passur-aerospace-announces-net-income-of-135000-and-third-consecutive-quarter-of-operating-profit-for-the-first-quarter-ended-january-31-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/passur-aerospace-announces-net-income-of-135000-and-third-consecutive-quarter-of-operating-profit-for-the-first-quarter-ended-january-31-2021\/","title":{"rendered":"PASSUR\u00ae Aerospace Announces Net Income of $135,000 and Third Consecutive Quarter of Operating Profit for the First Quarter Ended January 31, 2021"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n STAMFORD, Conn.<\/span>, March 15, 2021<\/span> \/PRNewswire\/ —\u00a0PASSUR\u00ae Aerospace, Inc. (OTC: PSSR), a global leader in digital operational excellence, announced revenues of $1,698,000<\/span> for the three months ended January 31, 2021<\/span>, compared with $4,225,000<\/span>, for the same period in fiscal year 2020, a decrease of $2,527,000<\/span> or 60%.<\/p>\n

The Company had a net income of $135,000<\/span>, or $0.02<\/span> per diluted share, for the three months ended January 31, 2021<\/span>, as compared to a net loss for the same period in fiscal 2020 of $583,000<\/span>, or $0.08<\/span> per diluted share. <\/p>\n

“We are proud to announce the Company’s net income of $135,000<\/span> for the first quarter of fiscal year 2021, ended January 31, 2021<\/span>,” stated Brian Cook<\/span>, PASSUR’s President and CEO. “Operating profit was also positive for the third consecutive quarter. We continue to position the company as a profitable enterprise, in spite of a depressed market due to COVID-19.”<\/p>\n

In February 2021<\/span>, PASSUR received a top-off grant of $875,000<\/span> from the CARES Act Payroll Support Program for Air Carriers and Contractors (PSP-1), which is being used for the continuation of payment of employee wages, salaries, and benefits for certain eligible employees. \u00a0In addition, in March 2021<\/span>, the Company entered into a Payroll Support Extension Agreement (PSP-2) for an additional grant of $1,310,000<\/span>, under similar conditions. Visit our website to view the full 10-Q. <\/p>\n

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