Aerospace Group:

Earnings News & Notes

By Cal Biesecker

Monday, May 16th, 2016

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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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