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Earnings News & Notes

Cal Biesecker By
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American Science and Engineering [ASEI]                                    4Q16               4Q15               FY ’16             FY ‘15Sales                            $24.2M            $31.2M            $103M             $126.8MNet Inc.                       ($2.7M, 0.38)  $877K, 0.12    ($3.2M, 0.45)  $979K, 0.13Sales in the quarter fell 22% on declines in cargo and mobile cargo inspection systems, and in service revenues, which were partially offset by increases in parcel and personnel inspection systems. The company swung to a loss on a $1.3 million charge related to cost cutting actions, and for charges to write-off inventory for a project with…

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