8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 1, 2007

AEROSONIC CORPORATION
(Exact name of registrant as specified in its charter)

Delaware	1-11750	74-1668471
State or other jurisdiction of incorporation or organization	(Commission File Number)	(I.R.S. Employer Identification No.)

1212 North Hercules Avenue
Clearwater, Florida 33765
(Address of principal executive offices and Zip Code)

(727) 461-3000
(Registrant’s telephone number, including Area Code)

Not applicable
(Former name, former address and former fiscal year, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition 

(a) On May 1, 2007, Aerosonic Corporation issued a press release announcing its financial results for the fourth quarter and full year of fiscal year 2007.

Item 9.01. Financial Statements and Exhibits 

(a) Not applicable  

(b) Not applicable  

(c) Not applicable  

(d) Exhibits  

99.1 Press Release of Aerosonic Corporation dated May 1, 2007, reporting Aerosonic’s financial results for the fourth quarter and full year of fiscal year 2007.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AEROSONIC CORPORATION
Dated: May 1, 2007	By: /s/ David A. Baldini
	David A. Baldini
	Chairman of the Board
	President and Chief Executive Officer

EXHIBIT INDEX

Exhibit Number Description

Exhibit 99.1 Press Release, dated May 1, 2007, reporting Aerosonic’s financial results for the fourth quarter and full year of fiscal year 2007.

EX-99

Company Contact:	Agency Contact:
Mark Perkins	Pam Lagano
Executive Vice President	Lagano & Associates, Inc.
727.461.3000	727.480.3082
mperkins@aerosonic.com	plagano@laganoassoc.com

For Immediate Release

Aerosonic Reports Fourth Quarter and Full Year Results

CLEARWATER, Fla. – May 1, 2007 — Aerosonic Corporation (AMEX: 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, 2007, with the United States Securities and Exchange Commission.

SUMMARY FINANCIAL RESULTS

	Fourth Quarter						Full Year
	FY 2007		FY 2006		Change		FY 2007		FY 2006		Change
Revenues	$ 7,260,000		$7,754,000		($ 494,000	)	$31,253,000		$34,763,000		($3,510,000	)
Operating income	(132,000	)	134,000		(266,000	)	942,000		2,308,000		(1,366,000	)
Operating margin	(1.8	)%	1.7	%	(3.5	%)	3.0	%	6.6	%	(3.6	%)
Net income	($211,000	)	$1,129,000		($1,340,000	)	$565,000		$2,550,000		($1,985,000	)
Earnings per share
Basic and diluted	($0.06	)	$0.29		($0.23	)	$0.16		$0.65		($0.49	)
Operating cash flow	$    458,000		$   178,000		$    280,000		$  1,190,000		$  2,964,000		($1,774,000	)

For its fiscal quarter ended January 31, 2007, the Company reported revenues of approximately $7.3 million, down 6% as compared to revenues of approximately $7.8 million for the fiscal quarter ended January 31, 2006. This decrease compared to last year was primarily attributed to reduced revenue recognition on the nearly complete F-35 (Joint Strike Fighter) development program.

The Company reported a net loss for the quarter ended January 31, 2007 of approximately $211,000, or a loss of $0.06 per share, versus net income of $1,129,000, or $0.29 per share for the quarter ended January 31, 2006. This decrease was the result of lower revenue and gross profit rates, and was partially offset by lower compensation-related and travel costs. Income tax expense was higher due to a reduction in the estimate of extraterritorial income tax credits in the current year.

For the year ended January 31, 2007, the Company reported revenues of approximately $31.3 million, down 10% when compared to revenues of approximately $34.8 million for the year ended January 31, 2006. This decrease was primarily attributed to reduced revenue recognition on the F-35 development program as well as continued weak spare parts sales.

The Company’s backlog increased approximately $3.2 million, or 15%, to approximately $24.2 million for the year ended January 31, 2007. This increase was driven by the receipt of a follow-on order from Korea Aerospace Industries, Ltd. of approximately $7.5 million.

Net income for the year ended January 31, 2007 was approximately $565,000, or $0.16 per share, down from $2,550,000, or $0.65 per share for the year ended January 31, 2006. This decrease was driven by a reduction in gross profit due to lower revenue as well as higher income tax expense due to a reduction in estimated extraterritorial income tax credits in the current year.

“Although our results are below the expectations of management, we believe the recently-announced consolidation plan and the growth in the backlog of the Company will improve our future prospects,” stated David Baldini, Aerosonic’s Chairman, President and Chief Executive Officer. “The Company’s backlog grew more than 15% in the past year, and the consolidation plan is expected to further rationalize our cost structure and drive efficiencies throughout the Company. We will continue the execution of the phased consolidation plan to ensure that our customers’ needs are satisfied and that the transition of the Company’s Virginia-based manufacturing and administrative activities to its Florida operations occurs smoothly.” Aerosonic Corporation, headquartered in Clearwater, Florida, is principally engaged in the manufacture of aviation products. Locations of the Company include Clearwater, Florida and Earlysville, Virginia. For additional information, visit the Company’s website at www.aerosonic.com.

This document contains statements that constitute “forward-looking” statements within the meaning of the Securities Act of 1933 and the Securities Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. “Forward-looking” statements contained in this document include the intent, belief or current expectations of the Company and its senior management team with respect to future actions by officers and directors of the Company, prospects of the Company’s operations, profits from future operations, overall future business prospects and long term stockholder value, as well as the assumptions upon which such statements are based.

Investors are cautioned that any such forward-looking statements are not guarantees of future performance, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors that could cause actual results to differ materially from those contemplated by the forward-looking statements in this document include, but are not limited to, adverse developments involving operations of the Company’s business units, failure to meet operating objectives or to execute the business plan, and the failure to reach revenue or profit projections. The Company undertakes no obligation to update or revise the forward-looking statements contained in this document to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results over time.