American Power Stock Price, News & Analysis

American Power Group Corporation (APGI) reported a significant decline in revenue for Q1 fiscal 2023, with unaudited net sales of $272,000 compared to $1.53 million the previous year. The company also posted a net loss of $161,000, a stark contrast to the $658,000 net income reported in the same quarter last year. The revenue drop is attributed to a one-time $1.4 million order shipped in Q4 2021. Although operating expenses decreased by $103,000 due to tax credits, the company's future sales remain uncertain, relying on approximately $4 million in outstanding conversion quotes.

American Power Group Corporation (APGI) reported a 32% increase in fiscal 2022 revenue, rising to $3.5 million from $2.7 million in the prior year. The company achieved a net income of $289,000, a turnaround from a $302,000 net loss in the previous fiscal year. The annual report, which includes these financial results, is publicly accessible via the OTC Markets. APGI's subsidiary offers innovative fuel conversion solutions, promoting lower emissions and cost-effective energy alternatives, contributing to environmental and sustainability goals.

American Power Group Corporation (APGI) reported a 32% increase in revenue for fiscal 2022, reaching $3.5 million compared to $2.7 million in 2021. The net income after taxes was $289,000, a turnaround from a $302,000 loss the previous year. Improved gross margins of 48% were attributed to increased sales and reduced amortization costs. The CEO highlighted the ongoing expansion in the oil and gas fracking market and a strong pipeline of $4+ million in conversion quotes. Corporate debt has decreased by $6.7 million over the last two years.

American Power Group Corporation (APG) recently demonstrated its V6000 Low-Carbon Dual Fuel Solution in California, targeting truck fleet owners and regulatory agencies. The dual fuel solution can displace 50-60% of diesel fuel with renewable natural gas (RNG) from dairy manure, resulting in significant carbon emissions reduction. This technology is available for most diesel engines at a conversion cost of about $10,000. APG projects potential fuel savings of $1,500 to $2,250 monthly for operators using this solution, highlighting the feasibility of transitioning to cleaner fuels.

American Power Group Corporation (APGI) reported its unaudited financial results for the three and nine months ending June 30, 2022. The company achieved net revenues of approximately $1.08 million and $2.92 million for these periods, marking a rise from $1.35 million and $1.94 million in the same periods of 2021. The net income was $105,000 and $453,000 respectively, contrasting with a prior net loss. The $2.1 million in follow-on orders and a significant focus on reducing debt helped improve financial stability.

American Power Group Corporation (APGI) announced the conversion of $1.97 million of convertible notes and accrued interest into approximately 7.86 million shares of common stock, following a May 2018 agreement. In the past 18 months, the company has reduced corporate debt by about $6.8 million, including $1.8 million of bank debt and around $5 million of convertible debt. CEO Chuck Coppa emphasized the focus on strengthening the balance sheet. The company’s dual fuel solutions aim to support a low-carbon future, although financial pressures and reliance on third parties pose risks to ongoing operations.

American Power Group Corporation (APGI) is set to showcase its V6000 Dual Fuel Technology for Class 8 diesel trucks at the NSRMCA National Convention from August 7-10, 2022, in Sacramento, California. This technology enables significant fuel savings, offering 25% to 30% net reductions in fuel costs while lowering emissions. With over 500 EPA approvals, the V6000 system aims to help fleet operators in the USPS transport sector enhance sustainability and operational efficiency. APG emphasizes the affordability of this conversion, priced around $10,000 per truck.

American Power Group Corporation (APGI) reported unaudited results for the three and six months ended March 31, 2022. The company achieved net sales of $315,000 and $1.84 million, respectively, marking a 211% year-to-date revenue increase compared to the previous year. The net loss remained consistent at $310,000 for Q2, while a net income of $348,000 was reported for the six-month period. The company has over $5 million in outstanding conversion quotes and a successful $2.46 million share sale to enhance its low-carbon fuel solution initiatives.

American Power Group Corporation (APGI) announced positive results from a month-long test of its V6000 Dual Fuel system by Sapphire Gas Solutions. The test demonstrated a diesel displacement rate of 60%, yielding net fuel savings of 25% to 30%, equating to savings of approximately $1.40 to $1.70 per gallon compared to diesel at $5.30 in Texas. The V6000 system could potentially eliminate between 500 to 610 metric tons of CO2 per vehicle annually. With around 2 million Class 8 diesel trucks in the U.S., the total CO2 reduction potential could reach 1 billion metric tons per year.