Astrex, Inc. (ASXI.PK)

Astrex, Inc. engages in the sale, assembling, and distribution of electronic parts and components used to connect, control, regulate, or store electricity in equipment. The principal products assembled and sold by the company include connectors that link electronic components together and generally consist of a shell, insert, contacts, and adaptive hardware. Its other products include relays, switches, and light emitting diodes. The company’s products are sold worldwide and primarily in the northeast and mid-Atlantic states. Its customers include the defense, aerospace, industrial equipment, and computer industries. Astrex was established by Mark Schindler in 1960. The company is based in Plainview, New York.

For the nine months ended 12/31/04, revenues rose 3% to $10.5 million. Net income totalled $111 thousand, up from $14 thousand. Revenues reflect the timing of shipping orders. Earnings reflect increased gross profit margins due to improved product mix.