API Technologies Corp.
Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕
Financials
SEC XBRL · annual| FY15 | FY14 | FY13 | FY12 | FY11 | FY10 | |
|---|---|---|---|---|---|---|
| Revenue | $50.9M | $58.9M | $58.3M | $62.0M | $23.1M | $25.2M |
| Operating income | $1.1M | $1.6M | −$1.3M | $3.1M | −$6.4M | $605,000 |
| Net income | −$2.2M | −$2.1M | −$14.4M | $773,000 | −$10.5M | $757,000 |
| Total assets | $345.0M | $282.8M | $304.6M | $392.7M | $506.4M | — |
| Total liabilities | $256.2M | $172.1M | $147.1M | $228.2M | $225.0M | — |
| Equity | $88.8M | $110.8M | $131.1M | $139.0M | $281.5M | $18.9M |
| EPS (diluted) | $-0.04 | $-0.05 | $-0.26 | $0.01 | $-0.83 | $0.08 |
| Shares out. | 55.4M | 54.8M | 54.8M | 54.8M | 54.6M | 9.3M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2015- Operating margin
- 2.2%
- Net margin
- −4.3%
- Return on equity
- −2.5%
- Return on assets
- −0.6%
- Return on capital (ROCE)
- 0.4%
- Liabilities / assets
- 74.3%
- Debt / equity
- 2.88×
- Book value / share
- $1.60
- Revenue growth (YoY)
- −13.7%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2015- Altman Z″ (distress)
- -0.98distress
- Accruals / assets
- −4.1%clean
- Piotroski F-Score
- 3/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 3 warning● 3 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Operating margin is positive
- Positive operating cash flow
- Clean earnings (low accruals)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 1, 2016
- NT 10-Qmissed a reporting deadline ↗Dec 14, 2004
- NT 10-Kmissed a reporting deadline ↗Apr 27, 2004
- NT 10-Qmissed a reporting deadline ↗Jan 10, 2003
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Material events
SEC Form 8-K · most recent- Terminated a material agreement · Completed an acquisition or disposition · Delisting / listing-standard notice · Modified shareholder rights · Change in control · Director / officer change · Amended charter or bylaws · Other material eventApr 22, 2016
- Other material eventApr 14, 2016
- Entered a material agreement · Amended charter or bylaws · Shareholder voteMar 1, 2016
- Results of operationsOct 8, 2015
- Director / officer changeSep 14, 2015
- Results of operationsJul 7, 2015
- Entered a material agreement · Completed an acquisition or disposition · New financial obligation · Other material eventJun 12, 2015
- Entered a material agreement · Other material eventApr 28, 2015
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗- 15-12BMay 6, 2016
- EFFECTMay 3, 2016
- EFFECTMay 3, 2016
- EFFECTMay 3, 2016
- EFFECTMay 3, 2016
- 4Apr 26, 2016
- SC 13D/ASCHEDULE 13D/AApr 26, 2016
- SC 13D/AApr 25, 2016
- 4/APRIMARY DOCUMENTApr 22, 2016
- 4/APRIMARY DOCUMENTApr 22, 2016
- 4/APRIMARY DOCUMENTApr 22, 2016
- 4/APRIMARY DOCUMENTApr 22, 2016
- 4/APRIMARY DOCUMENTApr 22, 2016
- 4PRIMARY DOCUMENTApr 22, 2016
- 4PRIMARY DOCUMENTApr 22, 2016