American Electric Technologies (AETI) Reports Q1 Loss of $0.36

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Go back to American Electric Technologies (AETI) Reports Q1 Loss of $0.36

AETI Announces Q1 2016 Results

May 16, 2016 7:00 AM EDT

HOUSTON, May 16, 2016 (GLOBE NEWSWIRE) -- American Electric Technologies, Inc. (NASDAQ: AETI), a leading supplier of power delivery solutions for the global energy industry, today announced its first quarter 2016 financial results.

The Company reported a net loss attributable to common shareholders in the first quarter of $3.0 million on consolidated revenue of $8.3 million.  First quarter revenues were up slightly from $7.7 million in the fourth quarter of 2015 but down from $15.3 million in the first quarter of 2015, driven by lower bookings in the third quarter of 2015.

The Company reported an... More