-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KPA68Jp1OhV+fog+32k8IOV1zDebfP20Ffg29orq3sDhbVEmrEcVpXxbgnwDug8E
 LQfdVb0RiOm4SfwUFneb+w==

<SEC-DOCUMENT>0001181431-09-023598.txt : 20090508
<SEC-HEADER>0001181431-09-023598.hdr.sgml : 20090508
<ACCEPTANCE-DATETIME>20090508103527
ACCESSION NUMBER:		0001181431-09-023598
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20090507
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20090508
DATE AS OF CHANGE:		20090508

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OYO GEOSPACE CORP
		CENTRAL INDEX KEY:			0001001115
		STANDARD INDUSTRIAL CLASSIFICATION:	MEASURING & CONTROLLING DEVICES, NEC [3829]
		IRS NUMBER:				760447780
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13601
		FILM NUMBER:		09808300

	BUSINESS ADDRESS:	
		STREET 1:		7007 PINEMONT DR.
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040
		BUSINESS PHONE:		7139864444

	MAIL ADDRESS:	
		STREET 1:		7007 PINEMONT DR.
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>rrd241998.htm
<DESCRIPTION>SECOND QUARTER EARNINGS AND AMDT TO CODE OF CONDUCT
<TEXT>


<html><head>
<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
</head>
<body Bgcolor="white">

<hr Size="4" Noshade Color="#000000" Align="left">

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>UNITED STATES </b></font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>Washington, D.C. 20549 </b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="5" Color="#000000">
<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>Current Report </b></font></div>

<div Align="center"><font Face="times New Roman" Size="4" Color="#000000">
<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;05/07/2009 </b></font></div>




<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="5" Color="#000000">
<b>OYO GEOSPACE CORPORATION </b></font></div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Exact name of registrant as specified in its charter)</b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Commission File Number:&nbsp;&nbsp;001-13601</b></font></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><table Cellspacing="0" Cellpadding="0" Width="100%" Border="0">
<tr>
<td Valign="bottom" Width="59%" Align="center">
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>DE</b></font>
</div>
</td>
<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Width="59%" Align="center">
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>76-0447780</b></font>
</div>
</td>
</tr>

<tr>
<td Valign="top" Align="center" Width="59%">
<div Style="margin-left:2%; Text-indent:-2%" Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(State or other jurisdiction of</b></font>
</div>
</td>
<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Align="center" Width="59%">
<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
</div>
</td>
</tr>

<tr>
<td Valign="top" Align="center" Width="59%">
<div Style="margin-left:2%; Text-indent:-2%" Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>incorporation)</b></font>
</div>
</td>
<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;&nbsp;</font>
</td>
<td Valign="bottom" Align="center" Width="59%">
<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>Identification No.)</b></font>
</div>
</td>
</tr>

</table></div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>7007 Pinemont Drive, Houston, TX 77040</b></font></div>


<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Address of principal executive offices, including zip code)</b></font>
</div>

<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>(713) 986-4444 </b></font>
</div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Registrant&#146;s telephone number, including area code)</b></font>
</div>



<div><font Size="1">&nbsp;</font></div>

<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b> </b></font>
</div>

<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>(Former name or former address, if changed since last report) </b></font>
</div>


<div><font Size="1">&nbsp;</font>
</div>




<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR>
</b></font>


</div>



<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</b>

</font>
</div>





<div><font Size="1">&nbsp;</font>
</div>

<hr Size="4" Noshade Color="#000000" Align="left">


<p Style='page-break-before:always'>
<p Align="center">





<div><font Size="1">&nbsp;</font></div>

<div align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;Results of Operations and Financial Condition</b></font>
</div>

<div><font Size="1">&nbsp;</font>
</div>

<div  align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
On May 8, 2009, OYO Geospace Corporation (the "Company") issued a press release regarding its earnings results for the second fiscal quarter.  The press release is attached hereto as Exhibit 99.1.  The foregoing description is qualified in its entirety by reference to such exhibit.</font>
</div>

<div><font Size="1">&nbsp;</font></div>



<div><font Size="1">&nbsp;</font></div>

<div align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Item 5.05.&nbsp;&nbsp;&nbsp;&nbsp;Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics</b></font>
</div>

<div><font Size="1">&nbsp;</font>
</div>

<div  align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
On May 7, 2009, the Board of Directors of the Company amended the OYO Geospace Corporation General Code of Business Conduct and Supplemental Code of Ethics for CEO and Senior Financial Officers (the "Code of Conduct") to clarify certain internal reporting procedures.  A copy of the amended Code of Conduct is available on the Company's website at http://www.oyogeospace.com.</font>
</div>

<div><font Size="1">&nbsp;</font></div>



<div><font Size="1">&nbsp;</font></div>

<div align="left"><font Face="times New Roman" Size="2" Color="#000000">
<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></font>
</div>

<div><font Size="1">&nbsp;</font>
</div>

<div  align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
99.1  Press Release dated May 8, 2009.</font>
</div>

<div><font Size="1">&nbsp;</font></div>



<hr  Size="3" Color="#cceeff" Width="100%" Align="center">
<p Align="center"><font Size="2">&nbsp;</font>
<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
<b>Signature(s) </b></font>
</div>

<div><font Size="1">&nbsp;</font></div>

<div align="left" Style="text-indent:4%"><font Face="times New Roman" Size="2" Color="#000000">
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </font>
</div>

<div><font Size="1">&nbsp;</font></div>

<div><table Cellspacing="0" Cellpadding="0" Width="100%" Border="0">




<tr>
	<td Valign="top" Colspan="3" Width="53%"> <div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000"></font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>
	<td> <font Size="1">&nbsp;</font>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>	<td Valign="top" Align="center" Width="3%">
	<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
	</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="top" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	OYO GEOSPACE CORPORATION</font>
	</div>	</td>
</tr>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>
<tr>
	<td Valign="top" Colspan="3" Width="53%"> <div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	Date: May 08, 2009</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>
	<td> <font Size="1">&nbsp;</font>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font>
	</td>	<td Valign="top" Align="center" Width="3%">
	<div Align="center"><font Face="times New Roman" Size="2" Color="#000000">
	By:</font>
	</div>
	</td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="top" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	/s/&nbsp;&nbsp;&nbsp;&nbsp;Thomas T. McEntire</font>
	</div>
	<hr Noshade Align="left" Color="#000000">
	</td>
</tr>

<tr>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="53%">
	<div Style="margin-left:2%; Text-indent:-2%"><font Face="times New Roman" Size="2" Color="#000000">
	Thomas T. McEntire</font>
	</div>
	</td>
</tr>

<tr>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td> <font Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="3%"><font Face="times New Roman" Size="1">&nbsp;</font></td>
	<td Valign="bottom" Width="53%">
	<div><font Face="times New Roman" Size="2" Color="#000000">Chief Financial Officer and Secretary</font>
	</div>
</td>
</tr>
<tr><td>&nbsp;</td></tr>
<tr><td>&nbsp;</td></tr>



</table></div>





<p Style='page-break-before:always'>
<hr  Size="3" Color="#cceeff" Width="100%" Align="center">

<p Align="center"><font Size="2">&nbsp;</font>
<div Align="center"><font Face="times New Roman" Size="3" Color="#000000">
<b>Exhibit Index </b></font>
</div>

<div><font Size="2">&nbsp;</font></div>

<div Align="center">
<table Cellspacing="0" Cellpadding="0" Width="100%" Border="0">




<tr>
	<td Valign="top" Align="left">
	<div Align="left"><font Face="times New Roman" Size="2" Color="#000000">
	<b>Exhibit&nbsp;No.</b></font>
	</div>
		<hr Size="2" Noshade Width="48" Color="#000000">
	</td>
	<td Valign="top" Width="3%" Align="left"><font Face="times New Roman" Size="2">&nbsp;&nbsp;</font></td>
	<td Valign="top" Width="100%" Align="left">
	<div><font Face="times New Roman" Size="2" Color="#000000">
	<b>Description</b></font>
	</div>
	<hr Size="2" Noshade Width="73" Align="left" Color="#000000">
	</td>
</tr>




<tr>
	<td Valign="top" Align="left">
	<div Align="top"><font Face="times New Roman" Size="1" Color="#000000">
	EX-99.1</font>
	</div>

	</td>
	<td Valign="top" Width="3%" Align="left"><font Face="times New Roman" Size="2">&nbsp;&nbsp;</font></td>
	<td Valign="top" Width="100%" Align="left">
	<div><font Face="times New Roman" Size="2" Color="#000000">
	Press Release dated May 8, 2009.</font>
	</div>
		</td>
</tr>





</div></table>



</body></html>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>rrd241998_28340.htm
<DESCRIPTION>PRESS RELEASE DATED MAY 8, 2009.
<TEXT>
<HTML>
<HEAD>
<TITLE>Fulbright &amp; Jaworski Document</TITLE>
<META NAME="xA" CONTENT="Unknown">
<META NAME="xB" CONTENT="2Q09 Press Release.doc">
<META NAME="xC" CONTENT="Unknown">
<META NAME="xD" CONTENT="Unknown">
</HEAD>
<BODY>
<B><I><FONT FACE="Syntax UltraBlack" SIZE=6><P>OYO GEOSPACE</B></I></FONT><FONT SIZE=3>                                                            </FONT><B><FONT FACE="Arial" SIZE=6>News Release</P>
</B></FONT><FONT FACE="Arial" SIZE=1><P>7007 Pinemont Drive</P>
<P>Houston, Texas  77040 USA</P>
<P>Contact:</P>
<P>Gary D. Owens</P>
</FONT><FONT FACE="Arial" SIZE=1><P>Chairman, President &amp; CEO</P>
<P>TEL:  713.986.4444</P>
<P>FAX: 713.986.4445</P>
</FONT><B><U><FONT FACE="Arial" SIZE=4><P>FOR IMMEDIATE RELEASE</P>
</U><P ALIGN="CENTER">OYO GEOSPACE REPORTS FISCAL YEAR 2009 SECOND QUARTER RESULTS</P>
</B></FONT><FONT SIZE=3>
</FONT><FONT SIZE=2><P ALIGN="JUSTIFY">Houston, Texas - May 8, 2009 - OYO Geospace (NASDAQ: OYOG) today announced net income of $1.2 million, or $0.20 per diluted share, on revenues of $23.5 million for its quarter ended March 31, 2009.  This compares with a net income of $3.2 million, or $0.53 per diluted share, on revenues of $36.4 million in the comparable quarter last year.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">For the six months ended March 31, 2009, OYO Geospace recorded sales of $49.4 million and net income of $2.6 million, or $0.42 per diluted share.  For the comparable period last year the company recorded sales of $68.4 million and net income of $6.5 million, or $1.06 per diluted share.  </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&quot;Sales of our products dropped sharply during the quarter across all product lines.  The impact was especially felt in our North American and Russian seismic exploration markets.  Capital expenditure spending from our customers in these markets remains constrained due to the significant decline in oil and gas exploration activities.  Revenues from our seismic reservoir products were down from the comparative quarter last year, but up sequentially from the first quarter of fiscal year 2009,&quot; said Gary D. Owens, OYO Geospace's Chairman, President and CEO. </P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&quot;Our thermal solutions business segment incurred a small loss for the quarter but was still profitable for the six months ended March 31, 2009.  While sales of our consumable products remained steady, we saw substantially lower sales of thermal imaging equipment during the quarter.  We believe a lack of confidence in the global economy and tight capital markets are contributing to the lower levels of new equipment sales,&quot; said Owens.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&quot;Overall, the company's backlog dropped substantially during the quarter from the previous quarter with a notable decrease in orders for our seismic exploration products, although backlog did increase significantly for our seismic reservoir products.  We continue to market all of our products vigorously throughout the world,&quot; Owens said.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">&quot;Late in April, we modified our credit agreement with Regions Bank.  The revised agreement allows us to borrow up to $25.0 million through April 30, 2011.  As might be expected in this environment, the terms of the new credit agreement, particularly interest rates and restrictive covenants, are less favorable than our previous agreement, but we believe the overall terms are fair and competitive in today's lending market.  During the quarter, we reduced our total debt by $7.6 million and we will continue to focus on managing cash flows during these difficult times.  In addition, we will vigorously pursue revenue generating opportunities while developing new products and enhancing our existing ones,&quot; concluded Owens, who also noted that the company has focused significantly on expenses during recent periods including rationalization of its workforce and other cost-cutting measures.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">OYO Geospace designs and manufactures instruments and equipment used by the oil and gas industry in the acquisition and processing of seismic data as well as in reservoir characterization and monitoring activities.  The company also designs and manufactures equipment and film for the thermal printing industry worldwide.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="JUSTIFY">This press release includes &quot;forward-looking statements&quot; within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included herein including statements regarding potential future products and markets, our potential future revenues, future financial position, business strategy, future expectations and other plans and objectives for future operations, are forward-looking statements. We believe our forward-looking statements are reasonable. However, they are based on certain assumptions about our industry and our business that may in the future prove to be inaccurate. Important factors that could cause actual results to differ materially from our expectations include the level of seismic exploration worldwide, which is influenced primarily by prevailing prices for oil and gas, the extent to which our new products are accepted in the market, the availability of compet
itive products that may be more technologically advanced or otherwise preferable to our products, the resolution of the situation in the Middle East and other factors disclosed under the heading &quot;Risk Factors&quot; and elsewhere in our most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission. Further, all written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by such factors.</P>
<P ALIGN="JUSTIFY"></P>
<P ALIGN="CENTER">M O R E</P>
<P ALIGN="CENTER"></P>
</FONT><B><FONT SIZE=3><P ALIGN="CENTER">OYO GEOSPACE CORPORATION AND SUBSIDIARIES</P>
<P ALIGN="CENTER">CONSOLIDATED STATEMENTS OF OPERATIONS</P>
<P ALIGN="CENTER">(in thousands, except share and per share amounts)</P>
<P ALIGN="CENTER">(unaudited)</P>
</B></FONT>
<TABLE CELLSPACING=0 BORDER=0 CELLPADDING=6 WIDTH=708 ALIGN="LEFT" HSPACE=12>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="28%" VALIGN="TOP" COLSPAN=2>
<U><FONT SIZE=3><P ALIGN="CENTER">Three Months Ended</U></FONT></TD>
<TD WIDTH="29%" VALIGN="TOP" COLSPAN=2>
<U><FONT SIZE=3><P ALIGN="CENTER">Six Months Ended</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="CENTER">March 31, 2009</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="CENTER">March 31, 2008</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="CENTER">March 31, 2009</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P ALIGN="CENTER">March 31, 2008</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Net sales&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;$&#9;23,510</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;$&#9;36,399</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;$&#9;49,365</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;$&#9;68,421</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Cost of sales&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;16,368</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;25,991</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;34,203</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;46,899</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Gross profit&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9; 7,142</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;10,408</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;15,162</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;21,522</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Operating expenses:</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Selling, general and administrative&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;3,396</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;4,508</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;7,120</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;8,676</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Research and development&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;1,911</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;2,038</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;3,810</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;4,230</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Bad debt expense (recovery)&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;   79</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;(248)</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;(89)</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;46</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>         Total operating expenses&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;5,386</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;6,298</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;10,841</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;12,952</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Gain on sale of assets&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;     --</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;    362</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;      7</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;&#9;<U>         716</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Income from operations&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>    1,756</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>    4,472</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>    4,328</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>     9,286</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Other income (expense):</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Interest expense&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(136)</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(250)</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(411)</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(435)</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Interest income&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;307</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;453</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;636</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;725</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Foreign exchange losses&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(21)</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(11)</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(561)</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;(16)</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>  Other, net&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9; (57)</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;    2</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9; (63)</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9; (10)</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>         Total other income (expense), net&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;   93</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;  194</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;(399)</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;264</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Income before income taxes&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9; 1,849</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9; 4,666</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9; 3,929</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9; 9,550</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Income tax expense&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;   617</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9; 1,459</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9; 1,360</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>&#9;  3,032</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Net income&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9; 1,232</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9; 3,207</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9; 2,569</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  6,518</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Basic earnings per share&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  0.21</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  0.54</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  0.43</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  1.10</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Diluted earnings per share&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  0.20</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  0.53</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  0.42</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<FONT SIZE=3><P>&#9;<U>$&#9;  1.06</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Weighted average shares outstanding - Basic&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>5,937,144</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>5,905,946</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>5,936,822</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>5,899,351</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">
<FONT SIZE=3><P>Weighted average shares outstanding - Diluted&#9;</FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>6,035,314</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>6,096,332</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>6,069,615</U></FONT></TD>
<TD WIDTH="14%" VALIGN="TOP">
<U><FONT SIZE=3><P>6,141,637</U></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
<TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
</TR>
</TABLE>
<FONT SIZE=3>
<P>&nbsp;</P></FONT></BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
