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ORLANDO, FL -- API Technologies reported revenue climbed 8.5% sequentially to $75.1 million for the period ended Nov. 30.

API had sales of $25.9 million for the same period last year, before it closed on acquisitions of Spectrum Control and EMS provider SenDEC.

API posted a net loss of $2.5 million for the quarter, down from a net loss of $1.8 million in 2010, due primarily to higher interest and amortization charges pertaining to the acquisition of Spectrum Control and to an increase in deferred taxes.

The company also completed the acquisition of Commercial Microwave Technology, a manufacturer of RF and microwave filters to the satellite and commercial industries.

 

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