American Power Group Corporation reported consolidated earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported net sales of $495,000 against $1,056,000 a year ago. Operating loss from continuing operations was $1,296,000 against $766,000 a year ago.

Net loss available to common shareholders was $3,149,000 or $0.06 per basic share against net income available to common shareholders of $2,964,000 or $0.05 per basic share a year ago. Overall quarterly revenue was down 53% compared to last year due to lower oil prices and the resulting idling of numerous oil rigs, company's quarterly non-oil and gas stationary revenue grew 166% as compared to December 2014.