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Earnings Notes And News

American Science & Engineering [ASEI]   2Q08 2Q07 Sales $37.6M $29.6M Net Inc. ($4.5M, $0.48) ($4.8M, $0.49) Despite a 27% jump in sales, profits fell due to lower gross margins on product mix, new product development costs and an 81% increase in research and development spending. Part of the reason for the profit decline stems from difficulties in site construction and installation of three cargo inspection systems. The company has only sold a few of the systems and has undertaken…

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Congress Updates

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