API Technologies Reports Results for the Fiscal First Quarter Ended February 28, 2015

ORLANDO, Fla.– (PR Newswire) – April 8, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced results for the fiscal first quarter ended February 28, 2015.

Financial Results for the Quarter Ended February 28, 2015

API Technologies reported fiscal first quarter revenue of $50.9 million.

For the fiscal first quarter of 2015, GAAP gross margin as a percentage of sales was 25.5%; non-GAAP gross margin was 26.6%.

The Company posted a net loss of $2.2 million for the fiscal first quarter. Adjusted EBITDA for the fiscal first quarter was $6.0 million or 11.9% of revenue.

Recent Developments

API Technologies Issues First Quarter Earnings Advisory

ORLANDO, Fla.– (PR Newswire) – March 30, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced that it will issue its earnings release for the fiscal first quarter ended February 28, 2015 after the market closes on April 8, 2015.

For more information on the Company, visit http://www.apitech.com/investor-relations or download the API Technologies Investor Relations App, which is available for iPhone® and iPad® via the Apple iTunes store and for Android™ devices via Google Play.

About API Technologies Corp.

API Technologies Announces Strategic Distribution Agreement with TTI, Inc.: Expanded partnership broadens worldwide sales network and provides rapid delivery of RF and microwave products

Orlando, FL – March 23, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave solutions, announced a new distribution agreement with global electronic components distributor TTI, Inc. (“TTI”). Under the agreement, TTI will be an authorized distributor of API’s full range of RF, microwave, and microelectronics products including power amplifiers, high performance filters, and an assortment of passive and active components. TTI already serves as an authorized distributor of the Company’s Electromagnetic Integrated Solutions (EIS) product line.

Power Conversion & Control

API’s complete line of rad-hard power management products include linear voltage regulators with adjustable or fixed output voltages (positive and negative), solid state relays (SPST and SPDT), and point-of-load (switching) regulators.

API Technologies Announces Management Transition: Industry Veteran Robert Tavares Named President and CEO

ORLANDO, FL– (PR Newswire) – March 2, 2015 –API Technologies Corp. (NASDAQ:ATNY) (“API”), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, announced today that Robert Tavares has been named President and Chief Executive Officer effective immediately. Mr. Tavares will also become a member of API’s Board of Directors. Bel Lazar, API’s current President and Chief Executive Officer, is leaving the company.

Brian Kahn, Chairman of the Board, said: “Bob is a seasoned RF/Microwave industry veteran with 30 years of leadership experience in both publicly traded and privately held electronics companies serving defense and commercial markets. Throughout his career, which includes experience at M/A-Com, Tyco Electronics, and most recently as President of Crane Electronics, Bob has demonstrated his ability to grow RF/microwave, microelectronics, and power businesses both organically and through acquisition. I am pleased to welcome Bob to API and look forward to his leadership.”

API Technologies Receives Patent for EOD Robot Aiming Device

ORLANDO, FL – (PR Newswire) – February 24, 2015 – API Technologies Corp. (NASDAQ:ATNY), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, has been awarded a new patent (U.S. Patent No. 8,960,542) for its aiming device for a bomb disarming disrupter.

The Hawk-i™ Video Aiming Device uses a camera and a rangefinder to automatically assess range to target, then generates crosshairs on a video monitor. Bomb technicians then use this targeting guidance to fire a precise shot, which disarms the explosive. Use of the Hawk-i speeds aiming time and decreases chances of misfire due to human error.

API Technologies’ Quad Transmit Receive Module (QTRM) Offers Stackable Building Block Solution for Electronically Scanned Radar

ORLANDO, Fla. and MILTON KEYNES, UK – (PR Newswire) – February 23, 2015 - API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave solutions, today announced that its Quad Transmit Receive Modules (QTRMs), part of the Company’s Active Antenna Array Unit (AAAU) solution for AESA radar, is now available as a standalone module. API’s QTRMs offer the industry’s first stackable building block solution for E-Scan (electronically scanned) radar.

API Technologies’ E-Scan radar solution is unique in the market place, as it supports a Line Replaceable Unit (LRU) approach to system maintenance. The QTRM units serve as the common module building block. These units can be easily added or swapped, which simplifies system integration, offers first line repair, and significantly reduces total cost of ownership.

API Technologies to Showcase RF, Microwave and Microelectronics Product Solutions at SATELLITE 2015 in Washington DC

ORLANDO, Fla. – February 17, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, and power solutions, announced today it will showcase its RF, microwave, and microelectronics product solutions at the SATELLITE 2015 Exhibition (booth #2126) on March 17-19 at the Walter E. Washington Convention Center in Washington DC. SATELLITE 2015 is a leading satellite communications event, attracting satellite end-users representing the telecommunications, military and government, maritime, and commercial industries.

API Technologies Reports Results for the Fiscal Fourth Quarter Ended November 30, 2014

ORLANDO, Fla.– (PR Newswire) – January 29, 2015 -

  • Q4 revenue of $57.8 million
  • Q4 GAAP Operating Income of $2.2 million; Non-GAAP Operating Income of $3.5 million
  • Q4 cash from operations of $3.3 million
  • FY14 GAAP Operating Income of $4.6 million; Non-GAAP Operating Income of $10.3 million

API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeterwave, power, and security solutions, today announced results for the fiscal fourth quarter ended November 30, 2014.

API Technologies to Showcase Power Solutions for Military and Unmanned Systems at AFCEA West: Power amplifiers and wireless filters from the RF & microwave line also to be on hand

Tactical Power SupplyOrlando, FL – January 26, 2015 – API Technologies Corp. (NASDAQ:ATNY) ("API" or the "Company"), a leading provider of high performance RF, microwave, millimeter wave, power, and security solutions, will showcase its full line of power solutions for military, unmanned vehicle, and unmanned maritime systems (UMS) at AFCEA West, February 10-12 at the San Diego Convention Center. API’s display, in booth #1943, will also feature a selection of products from its RF and microwave product line. 

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