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Advanced Photonix Announces Second-Quarter Decrease

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CAMARILLO, Calif., Nov. 4 -- Advanced Photonix Inc. reported net sales of $1.6 million for the second quarter of fiscal 2000 ended Sept. 26, 1999. These figures reflect a decrease of 18 percent from the $2 million recorded in last year's second quarter. The company's net loss was $443,000, or four cents per share, compared with net income of $135,000, or one cent per share, in the comparable period in fiscal 1999. Net sales for the six months ended Sept. 26, 1999, decreased 20 percent to $3.1 million from the $3.9 million reported in the prior year. Net loss for the...Read full article

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    Published: November 1999
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