Advanced Photonix Inc. (API) Friday reported a fourth-quarter loss of $1.1 million or $0.03 per share, compared to $563 thousand or $0.02 per share in the same quarter last year. The loss widened due mainly to lower revenues. Adjusted loss for the quarter was $654 thousand or $0.02 per share, compared to a profit of $221 thousand or $0.01 per share last year.
Fourth-quarter revenues dropped 17 percent to $6.5 million from $7.9 million 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.