Passur Aerospace, Inc. Reports Earnings Results for the Third Quarter Ended July 31, 2020
September 14, 2020 at 03:13 pm EDT
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PASSUR Aerospace, Inc. announced earnings results for the third quarter ended July 31, 2020. For the third quarter, the company announced sales was USD 2.207 million compared to USD 3.798 million a year ago. Operating income was USD 8,764 compared to operating loss of USD 893,644 a year ago. Net loss was USD 249,535 compared to USD 1.073 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to USD 0.14 a year ago. For the nine months, sales was USD 9.611 million compared to USD 11.088 million a year ago. Operating loss was USD 11.845 million compared to USD 2.623 million a year ago. Net loss was USD 12.563 million compared to USD 3.139 million a year ago. Basic loss per share from continuing operations was USD 1.63 compared to USD 0.41 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.
PASSUR AEROSPACE, INC. 
