Advanced Photonix, Inc. (API) reported a first-quarter net loss of $993,000 or $0.03 per share, compared to the net income of $18,000 or breakeven per share in the comparable quarter last year.
Excluding items, non-GAAP net loss for the quarter was $689,000 or $0.02 per share, compared to the non-GAAP net loss of $96,000 or breakeven per share in the year-ago period.
Net sales for the latest quarter declined 23 percent to $6.2 million from $8.1 million last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.