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Home > News > API Technologies Reports Record First Quarter Results

October 14th, 2010

API Technologies Reports Record First Quarter Results

Abstract:
API Technologies Corp. (OTC Bulletin Board: ATNY), a provider of highly engineered products and services to the global defense sector, today announced first quarter financial results for the period ending August 31, 2010.

Financial Highlights for the First Quarter Ended August 31, 2010

-- Revenue was $29.1 million, a 221% increase from $9.1 million in the same quarter of fiscal 2010;
-- Gross profit was $6.9 million compared to $2.2 million in the previous year's quarter. Excluding restructuring charges, non-GAAP gross profit in the first quarter of 2010 would have been $7.2 million;

Source:
itnewsonline.com

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