This excerpt taken from the RAE 10-Q filed Aug 8, 2006.
Three months ended June 30, 2006 compared to the three months ended June 30, 2005
Total Net Sales
Net sales for the quarter ended June 30, 2006, increased by $2,277,000 (17%) over the same quarter in 2005. Net Sales for the quarter ended June 30, 2006, increased in Asia by $2,412,000 (63%) and by $421,000 (27%) in Europe over the same period in 2005. The increases in Asia and Europe were primarily the result of increased sales of our products to the industrial sector in Asia and increased sales of our wireless systems in Europe, largely resulting from the ATEX (European Product Safety Standards) certification of key products announced in January 2006. Net sales in the Americas decreased by approximately $556,000 (7%) primarily due to a slow-down in spending for homeland security related products and increased price competition in the industrial sector.