Elecsys Corp. (ESYS)

Elecsys Corporation, through its subsidiaries, provides electronic manufacturing services, custom liquid crystal display (LCDs), ultra-rugged mobile computing devices, and wireless remote monitoring solutions to a range of industries worldwide. The company offers electronic design and manufacturing services for original equipment manufacturers (OEMs) in the aerospace, transportation, communications, safety, security, and other industrial product markets. It also designs, develops, and implements ultra-rugged handheld computing solutions, including handheld computers, printers, peripherals, and application software for applications in utilities, transportation logistics, traffic and parking enforcement, route accounting/deliveries, and inspection and maintenance. In addition, the company designs, markets, and provides remote monitoring solutions for the oil and gas pipeline industry, as well as other industries for wireless status monitoring and alarm notification regarding the performance of multiple types of systems over the Internet. Elecsys Corporation was founded in 1991 and is headquartered in Olathe, Kansas.

For the six months ended 31 October 2006, Elecsys Corporation's revenues increased 35% to $9.5M. Net income increased 11% to $410K. Revenues reflect an increase in new & existing customer orders. Net income was partially offset by higher selling, general & administrative expense due to inclusion of moving & relocation expense & increased personnel related expense, an increase in interest expense and the presence of income tax expense.