Aerosonic Corp (AIM) SEC Filing 10-Q Quarterly report for the period ending Friday, May 3, 2013

Exhibit 99.1

Aerosonic Reports Fourth Quarter and Fiscal Year 2013 Results

CLEARWATER, Fla. – May 1, 2013, – Aerosonic Corporation (the “Company” or “Aerosonic”) (NYSE MKT: AIM), a leading supplier of precision flight products for commercial, business and military aircraft, announced that today it filed its Annual Report on Form 10-K for the year ended January 31, 2013, with the United States Securities and Exchange Commission.

For the fiscal quarter ended January 31, 2013, the Company reported net sales of $8,921,000, down 3% as compared to net sales of $9,157,000 for the fiscal quarter ended January 31, 2012. Net sales were $31,021,000 during fiscal year 2013, an increase of $1,414,000, or 4.8%, compared to $29,607,000 for fiscal year 2012. During fiscal year 2013, our sales volume increased from the prior year by approximately $2.2 million on increased demand for repairs, sensors, spares and development services, offset by approximately $0.8 million on reduced demand for mechanical instruments.

The Company reported net income for the quarter ended January 31, 2013 of $1,793,000, or $0.47 basic income per share, compared to net income of $730,000, or $0.19 basic income per share for the quarter ended January 31, 2012. For fiscal year 2013, the Company reported net income of $2,522,000, or $0.67 basic income per share, compared to net income of $392,000, or $0.10 basic income per share for the year ended January 31, 2012.

“Aerosonic made excellent progress during our Fiscal Year 2013, as sales increased almost 5% while year-end backlog increased by 19%. Gross margins increased to 39% from last year’s 29% based on growth in our aftermarket business and overall productivity improvements,” commented Douglas J. Hillman, President and CEO. “Our operating income improved by 34% compared to last year, while net income benefitted from the sale of intellectual property that we had elected not to further develop on our own. The funds from that sale will further enable our reinvestment in further growth via new digital Standby Displays and leading edge Air Data products.”