American Made Advocacy: Smart Policies Can Ensure AI Data Centers Are Secure
Beyond the Board: Early Engagement Means Faster Prototyping for Defense Programs
Defense Speak Interpreted: The Autonomous Plane Battle—Skyborg Vs. Loyal Wingman
API Technologies Posts $6.3M Net Loss for 3Q FY2015
October 9, 2015 | API Technologies Corp.Estimated reading time: 1 minute
API Technologies Corp., a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced results for the fiscal third quarter ended August 31, 2015. The results reflect the inclusion of Inmet and Weinschel, which the Company acquired after the start of the quarter, on June 8, 2015.
"We delivered significantly improved third quarter performance, demonstrating the impact our focus on operational improvement is beginning to have on the business," said Robert Tavares, president and chief executive officer of API. "The integration of Inmet and Weinschel are substantially complete to our plan and already benefiting our top line. API is keenly focused on creating long-term value for our customers and shareholders."
API Technologies reported fiscal third quarter revenue of $68.0 million. GAAP gross margin as a percentage of sales was 26.5% for the fiscal third quarter of 2015. For the fiscal third quarter, the company posted a net loss of $6.3 million. Adjusted EBITDA for the fiscal third quarter of 2015 was $9.9 million, or 14.6% of revenue.
For the nine months ended August 31, 2015, API Technologies reported revenue of $171.1 million, while GAAP gross margin was 24.5%. The company posted a net loss of $12.8 million for the nine months ended August 31, 2015. Adjusted EBITDA was $19.8 million, or 11.6% of revenue.
About API Technologies
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
Aircraft Wire and Cable Market to surpass USD 3.2 Billion by 2034
10/30/2025 | Global Market Insights Inc.The global aircraft wire and cable market was valued at USD 1.8 billion in 2024 and is estimated to grow at a CAGR of 5.9% to reach USD 3.2 billion by 2034, according to recent report by Global Market Insights Inc.
Honeywell Announces Updated Business Segment Structure Ahead Of Aerospace Spin-Off
10/28/2025 | HoneywellHoneywell announced its updated business segment structure ahead of the planned separation of its Aerospace Technologies business, expected in the second half of 2026, and its Solstice Advanced Materials business, expected to be completed on October 30, 2025.
Lockheed Martin Signs Strategic Partnership Framework with Korean Air
10/28/2025 | Lockheed MartinLockheed Martin is collaborating with Korean Air to explore opportunities to support the U.S. government’s (USG) Regional Sustainment Framework (RSF) initiative, as well as expand Maintenance, Repair, Overhaul & Upgrade (MROU) cooperation to third-country markets.
The Republic of Korea Selects L3Harris for Airborne Early Warning and Control Aircraft Program
10/20/2025 | BUSINESS WIREL3Harris Technologies has received a contract to deliver modified Bombardier Global 6500 airborne early warning and control (AEW&C) aircraft to the Republic of Korea Air Force.
Molex Announces Agreement to Acquire Smiths Interconnect
10/17/2025 | MolexMolex, a leading global electronics connectivity innovator, announced that it has signed an agreement to acquire Smiths Interconnect.