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APA Optics Links Quarterly Lossto Manufacturing Buildup

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MINNEAPOLIS, Feb. 16 -- APA Optics Inc. has reported a loss of $988,740, or 11 cents a share, for its third fiscal quarter ended December 31, 1999. The loss had been projected as part of the company's buildup for manufacturing; it compares with a loss of $616,980, or seven cents a share, in the third quarter of the prior fiscal year. APA Optics posted revenues of $136,516 for the quarter, compared with $134,128 a year earlier. Anil K. Jain, president and CEO of APA Optics, said the fiber optic communications industry is paying increasing attention to the company's dense...Read full article

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    Published: February 2000
    CommunicationsindustrialNews & FeaturesSensors & Detectors

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