logo
Share SHARE
FONT-SIZE Plus   Neg

API Technologies Swings To Q1 Profit

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
A California man has filed a lawsuit against McDonald's alleging that the fast food giant is defrauding customers by cramming its mozzarella sticks with filler instead of real cheese. Chris Howe is seeking at least $5 million in damages on behalf of consumers in 42 states and the District of Columbia. The... Jeep, the 4x4 vehicles, which has developed a strong bond with its masters, is aggressively on an expansion mode in its 75th anniversary year. Its fans have always been in love with the famous tag "Go Anywhere, Do Anything." Meat products maker Tyson Foods Inc. (TSN) reported a profit for the first-quarter that increased 49% from last year. It raised its profit outlook for fiscal year 2016 ,but it cut its annual sales guidance.
comments powered by Disqus
Follow RTT