ORLANDO, FL – API Technologies reported fiscal fourth-quarter revenue ended Nov. 30 of $57.8 million, down 2.2% year-over-year. The firm posted a net loss of $1.2 million for the quarter, compared to a net loss of $7.2 million for the same period in 2013.

On a GAAP basis, operating income was $2.2 million, compared to an operating loss of $3.7 million the prior year.

"During fiscal year 2014 we continued to execute on our operational and business strategies, resulting in operating income of $4.6 million – a $6.1 million increase over prior year, along with double-digit EBITDA margin and positive cash flow," said Bel Lazar, president and CEO, API Technologies.

API Technologies reported revenue of $226.9 million for the 12 months ended Nov. 30, down 7.1% year-over-year. The EMS and component manufacturing company's net loss was $18.9 million, compared to a net loss of $7.2 million for full-year 2013.

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