American Power Group Corporation announced unaudited consolidated financial results for the first quarter ended December 31, 2014. Net sales for the three months ended December 31, 2014 decreased $787,000 or 43% to $1,056,000 compared to net sales of $1,843,000 for the three months ended December 31, 2013. Net loss from continuing operations for the three months ended December 31, 2014 increased $699,000 or 427% to $863,000 or $0.02 per basic and diluted share as compared to a net loss of $164,000 or $0.00 per basic and diluted share for the three months ended December 31, 2013.

The calculation of net loss per share available for Common shareholders for the three months ended December 31, 2014 reflects the inclusion of Convertible Preferred Stock quarterly dividends of $265,000 and a beneficial conversion feature of $255,000. The calculation of net loss per share available for Common shareholders for the three months ended December 31, 2013 reflects the inclusion of Convertible Preferred Stock quarterly dividends of $245,000. Operating loss from continuing operations was $766,000 against $90,000 for the same period of last year.

Net loss available to common stockholders was $1,383,000 against $409,000 for the same period of last year. Net loss attributable to Common stockholders per basic and diluted share was $0.04 against $0.01 for the same period of last year.