AS&E reports 24 per cent increase in revenue

American Science and Engineering (AS&E), a supplier of X-ray inspection solutions, has reported revenue of $71.3m (£48m) for the fourth quarter and fiscal year ending 31 March 2010.

This compares with revenues of $57.3m for the fourth quarter of fiscal year 2009.

The company has also posted net income of $12.3m, compared with net income of $8.2m for the fourth quarter of last year, and earnings per share of $1.34, compared with earnings per share of $0.92 for the same quarter in 2009.

These financial results represent a 24 per cent increase in revenue, a 50 per cent rise in net income and a $0.42 increase in earnings per share when compared with results for the fourth quarter of the previous fiscal year.