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Fiscal Revenues improved by 37% Fiscal EBITDA improved by $2.1 million
ANN ARBOR, Mich.–(BUSINESS WIRE)– Advanced Photonix, Inc.® (NYSE Amex: API) (the "Company") today reported its fourth quarter and year end fiscal 2011 results ending March 31, 2011.
Financial Highlights for the Fourth Quarter and Fiscal Year Ended March 31, 2011
Net Sales for the quarter were $7.8 million, an increase of $2.7 million or 52% from the fourth quarter ended March 31, 2010. Sequentially,
Continue reading: Advanced Photonix Reports Fourth Quarter and Fiscal 2011 Results
ANN ARBOR, Mich.–(BUSINESS WIRE)– Advanced Photonix® company (NYSE Amex: API), announced today that it has shipped the second Computer Tomography (CT) accessory to NICT in Japan. Building upon its previously purchased T-Ray 4000®, NICT is expanding its base system capability, by incorporating a CT gantry with a 20" horizontal and a 12" vertical scanning capability.
About Computed Tomography
Computed Tomography (CT) is a powerful nondestructive evaluation technique for producing 2D and 3D cross-sectional images of an
Continue reading: Advanced Photonix, Inc. Announces Sale of Computer Tomography System Option
ANN ARBOR, Mich.–(BUSINESS WIRE)– Advanced Photonix, Inc. (NYSE-Amex: API) announced today that it entered into an underwriting agreement with B. Riley & Co., LLC, providing for the sale of 1,200,000 shares of its Class A Common Stock at a purchase price of $1.97 a share, less an underwriting discount of $0.1182 a share.
The shares of common stock are being sold pursuant to the Company’s registration statement on Form S-3 (File No. 333-171390), which was
Continue reading: Advanced Photonix, Inc. Completes Its Shelf Offering with a $2.4 Million Underwriting
ANN ARBOR, Mich., Jan. 31, 2011 /PRNewswire/ — Advanced Photonix, Inc.® (NYSE Amex: API), announced today that its subsidiary Picometrix® will supply its industry leading 40 gigabit per second (Gb/s) high-speed optical receiver, the BR-40D, for long haul communications to a leading China OEM telecom systems provider that is a key supplier to the rapidly growing BRIC markets (Brazil, Russia, India and China).
This initial purchase commitment that will be delivered over the next 3 months
Continue reading: Advanced Photonix Announces a Design Win With Leading OEM Telecom Systems Provider
ANN ARBOR, Mich., Jan. 6, 2011 /PRNewswire/ — Advanced Photonix, Inc. (NYSE-Amex: API) announced today that it entered into an underwriting agreement with B. Riley & Co., LLC, providing for the sale of 2,702,703 shares of its Class A Common Stock at a purchase price of $1.48 a share, less an underwriting discount of $0.089 a share. The underwriting agreement includes an overallotment option exercisable for a 30-day period for the purchase of up to
Continue reading: Advanced Photonix, Inc. Announces $4 Million Underwriting
ANN ARBOR, Mich., Jan. 4, 2011 /PRNewswire/ — Advanced Photonix, Inc.® (NYSE Amex: API) (the "Company"), announced today that the Company’s President and Chief Executive Officer, Richard Kurtz, and Chief Financial Officer, Robin Risser will present at the Needham & Company 13th Annual Growth Conference on Thursday, January 13, 2011 at 3:30 PM ET at the New York Palace Hotel, New York City .
Recognized as the largest and best-known growth conference on Wall Street, over
Continue reading: Advanced Photonix, Inc. to Present at the 13th Annual Needham Growth Conference
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