API Technologies Corp.
Period Ending Nov 30, 2013 Nov 30, 2012 May 31, 2011 May 31, 2010
Total Revenue 244,300 242,381 96,045 68,550
Cost of Revenue 193,684 195,951 79,269 51,201
Gross Profit 50,616 46,430 16,776 17,349
Operating Expenses
Research and Development 9,190 9,610 1,885 2,200
Sales, General and Admin. 40,888 39,397 21,068 15,332
Non-Recurring Items 2,061 11,364 15,600 3,026
Other - - - -
Operating Income (1,523) (13,941) (21,777) (3,209)
Income From Continuing Operations
Add'l Income/Expense Items (13,006) (123,992) (1,601) 1,990
Earnings Before Interest and Tax (14,529) (137,933) (23,378) (1,219)
Interest Expense 14,208 16,209 3,281 2,069
Earnings Before Tax (28,737) (154,142) (26,659) (3,288)
Income Tax (5,335) (5,307) (2,680) 45
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (23,402) (148,835) (23,979) (3,333)
Non Recurring Events
Discontinued Operations 16,174 132 (2,238) (5,682)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (7,228) (148,703) (26,217) (9,015)
Preferred Stock and Other Adjustments (1,057) - - -
Net Income Applicable to Common Shareholders (8,285) (148,703) (26,217) (9,015)