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
Allegiant Air will start offering service from Newark Liberty International Airport, after the low-cost airlines received approval from the Federal Aviation Administration. Allegiant will begin offering flights in November between Newark and Cincinnati, Ohio; Savannah, Georgia; Asheville, North Carolina... Theme park chain Six Flags Entertainment Corp. (SIX) announced that it is in "discussions" with the Kingdom of Saudi Arabia to open multiple amusement parks in the conservative Muslim kingdom. Texas-based Six Flags Entertainment says it "has initiated discussions with the government of Saudi Arabia... Uber has developed new software that will track and inform drivers of the ride-hailing app about things like sudden acceleration, harsh braking or whether they are holding their phones while driving. The software is part of an updated version of Uber's app for drivers.
comments powered by Disqus
Follow RTT