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Financials

Elecsys Corporation Reports Fourth Quarter and Year End Financial Results

Published in Law and Health Weekly, August 4th, 2007

Elecsys Corporation (AMEX:ASY), announced its financial results for the fourth quarter and fiscal year ended April 30, 2007.

Sales for the quarter were $5,178,000, an increase of $1,163,000, or 29%, from the comparable period of fiscal 2006. For the fiscal year ended April 30, 2007, sales were $19,809,000, an increase of $5,117,000, or 35%, from the fiscal year ended April 30, 2006. Total consolidated backlog at April 30, 2007 was $10,403,000, a decrease of $140,000, or 1%, from a total backlog of $10,543,000 on April 30, 2006 and an increase of $594,000 from a total backlog of $9,809,000 on January 31, 2007.

Gross margin was approximately 28% of...

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