Advanced Photonix (NYSE MKT: API) Monday announced an order from the United States Navy for $1,562,072 within the next 20 months.
Advanced Photonix Inc. Monday reported slightly lower sales and a slightly higher loss for its third fiscal quarter ended Dec. 28.
Advanced Photonix Inc. Tuesday reported sharply lower sales and a larger loss for the second fiscal quarter ended Sept. 28.
Picometrix LLC, a subsidiary of Advanced Photonix Inc. (NYSE MKT: API), announced Friday that it has secured a $5.9 million commitment for 2013 for its industry leading 100 gigabit per second (Gb/s or G) and 40G high-speed optical receivers from a leading telecommunications network equipment customer.
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Ann Arbor-based Advanced Photonix Inc., the leading supplier of terahertz systems to industry, announced it has sold two terahertz inspection systems under a development agreement with Appleton Papers Inc.
The electronics and optical equipment developer Advanced Photonix Inc. (NYSE Amex: API) Monday reported sales of $6.2 million in its first fiscal quarter ended June 29, down 23 percent from $8.1 million a yeaer earlier.
Advanced Photonix Inc. (NYSE Amex: API) said last week that it had received $760,000 in orders for multiple T-Gauge terahertz systems.
Advanced Photonix Inc. (NYSE Amex: API) announced that it has received orders from its value-added reseller, Thermo Fisher Scientific, for its T-Gauge industrial terahertz gauging system. These systems are scheduled to be delivered late in second quarter of this fiscal year and deployed on the factory floor shortly thereafter.
The optics and electronics developer Advanced Photonix Inc. (NYSE Amex: API) reported revenue of $29.5 million in the fiscal year ended March 31, up 2 percent from the prior year. The incrase was led by the telecommunication, homeland security and medical markets.