The Company designs, develops, manufactures and sells flight information computers, large flat-panel displays and advanced monitoring systems that measure and display critical flight information.
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Sales in the second quarter of fiscal 2008 were $6.8 million, up from $4.0 million in the second quarter of fiscal 2007, and up sequentially from $4.7 million in the first quarter of fiscal 2008. Revenues in the second quarter of fiscal 2008 quarter were comprised of a diversified mix of both Flat Panel Display, including Eclipse Aviation deliveries, and Air Data shipments. Gross margins in the second quarter of 2008 rose to 44.4%, up on a year-over-year basis from 23.7% in last year's second quarter and also up sequentially from 22.7% in the first quarter of fiscal 2008. Product margins in the current quarter were 40.3%.