API Technologies Corp. (ATNY) Monday swung to a first-quarter profit from a loss last year, helped mainly by higher revenues and stronger margins.
Net profit for the quarter was $0.8 million or $0.01 per share, compared to a net loss of $10.5 million or $0.57 per share in the same period last year.
First-quarter net revenues increased to $70.7 million from $24.6 million last year. Gross margin advanced to 24.9 percent from 18.9 percent last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.