Thu, Feb 17, 2005
First Quarter Results Show Impressive Growth
In what appears to be a freshening
aviation manufacturing market, one company's single-quarter
performance stands out: Ballistic Recovery Systems says it posted
$1,866,623 in sales in the first quarter fiscal 2005 ended December
31, 2004, which represents a 25.3% increase over the $1,489,965
figure reported for same period in fiscal 2004. Strong sales in
Europe and an increase in units shipped to Cirrus Design were the
main contributors to this increase.
Bob Nelson, Chairman of the Board and BRS Chief Executive
Officer, said, "Our strong first-quarter results underscore our
long-term focus on targeted, quality revenue growth with
established business areas. We are successfully expanding our
markets and effectively leveraging international sales. This level
of sales allows us to continue our commitment to new research and
development."
According to BRS President & COO, Larry E. Williams, "Our
new parachute system for the Cessna model 182 aircraft was FAA
certified last July and early sales results suggest that a
significant number of newer model Cessna 182 owners are interested
in this system, which installed sells for about $20,000." BRS
continues in active discussions with additional aviation aircraft
manufacturers in both the US and Europe to adapt the BRS parachute
systems designed specifically for their airplanes. These aircraft
include the new category of Light Sport Aircraft (LSA) which the
FAA projects will grow in popularity significantly by 2006 year
end.
Over the company's 25 year history, BRS has sold nearly 20,000
of its whole-plane parachute systems; and these have been
documented to have saved over 177 lives.
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