American Science and Engineering Inc. (ASEI, Financial) filed Annual Report for the period ended 2010-03-31.
American Science And Engineering Inc. has a market cap of $607.3 million; its shares were traded at around $67.49 with a P/E ratio of 17 and P/S ratio of 2.5. The dividend yield of American Science And Engineering Inc. stocks is 1.8%.ASEI is in the portfolios of John Buckingham of Al Frank Asset Management, Inc., Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.
International sales, primarily to foreign governments, accounted for approximately 32%, 37%, and 36% of the Companys total sales in fiscal 2010, 2009, and 2008 respectively, and continue to be a high priority for the Company as part of its long-term growth strategy. International sales entail longer sales cycles and project financing requirements; however the Company continues to focus on these sales as a means of broadening its customer base. The Company manages its overseas risk in a number of ways, including actively increasing the number of opportunities it is pursuing at any one time and obtaining downpayments and letters of credit to secure its international receivables. The majority of international contracts are bid in U.S. dollars. For those contracts that are bid in other currencies, the Company considers the need to engage in hedging contracts to control foreign exchange risk. In fiscal 2010, the Company entered into one foreign currency option contract to hedge currency risk in one region. There were no hedging activities in fiscal 2009 or 2008.
In fiscal 2010, the Company had sales to two major customers, both agencies of the U.S. Government, which accounted for 24% and 12% of total sales, respectively. In fiscal 2009, the Company had sales to two major customers, one agency of the U.S. Government and one international government, which accounted for 18% and 16% of total sales, respectively. In fiscal 2008, the Company had sales to two major customers, both agencies of the U.S. Government, which accounted for 12% and 10% of total sales. The loss of these significant customers could substantially reduce our revenues and our business and prospects could be harmed.
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American Science And Engineering Inc. has a market cap of $607.3 million; its shares were traded at around $67.49 with a P/E ratio of 17 and P/S ratio of 2.5. The dividend yield of American Science And Engineering Inc. stocks is 1.8%.ASEI is in the portfolios of John Buckingham of Al Frank Asset Management, Inc., Jim Simons of Renaissance Technologies LLC, Chuck Royce of Royce& Associates.
Highlight of Business Operations:
The Company has a customer base consisting of government and commercial clients from both the United States and abroad. Domestically, the Companys primary client base is comprised of agencies of the U.S. Government. Approximately 63%, 56%, and 55% of the Companys total sales in fiscal 2010, 2009, and 2008, respectively, were derived from either (i) contracting directly with the U.S. Government, or (ii) contracting with contractors working directly with the U.S. Government. A significant number of the Companys contracts with the U.S. Government provide the U.S. Government with the standard unilateral right to terminate these contracts for convenience. During fiscal 2010 one of the Companys contracts and in fiscal 2009 two of the Companys contracts with the U.S. Government were terminated in whole or in part for convenience by the U. S. Government. These terminations did not result in any material losses to the Company. The Company is heavily dependent upon sales to agencies of the U.S. Government and reductions or delays in procurement of the Companys systems and services by these agencies may have a material adverse effect on the Company.International sales, primarily to foreign governments, accounted for approximately 32%, 37%, and 36% of the Companys total sales in fiscal 2010, 2009, and 2008 respectively, and continue to be a high priority for the Company as part of its long-term growth strategy. International sales entail longer sales cycles and project financing requirements; however the Company continues to focus on these sales as a means of broadening its customer base. The Company manages its overseas risk in a number of ways, including actively increasing the number of opportunities it is pursuing at any one time and obtaining downpayments and letters of credit to secure its international receivables. The majority of international contracts are bid in U.S. dollars. For those contracts that are bid in other currencies, the Company considers the need to engage in hedging contracts to control foreign exchange risk. In fiscal 2010, the Company entered into one foreign currency option contract to hedge currency risk in one region. There were no hedging activities in fiscal 2009 or 2008.
In fiscal 2010, the Company had sales to two major customers, both agencies of the U.S. Government, which accounted for 24% and 12% of total sales, respectively. In fiscal 2009, the Company had sales to two major customers, one agency of the U.S. Government and one international government, which accounted for 18% and 16% of total sales, respectively. In fiscal 2008, the Company had sales to two major customers, both agencies of the U.S. Government, which accounted for 12% and 10% of total sales. The loss of these significant customers could substantially reduce our revenues and our business and prospects could be harmed.
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