Axion Power International Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales of $2,314,300 compared to $2,237,647 for the same period a year ago. Operating loss was $1,989,325 compared to $2,063,738 for the same period a year ago.

Loss before income taxes was $6,512,304 compared to $2,067,255 for the same period a year ago. Net loss was $6,512,304 or $0.03 per basic and diluted share compared to $2,067,255 or $0.02 per basic and diluted share for the same period a year ago. Cash used by operating activities was $1,717,590 compared to $1,120,996 for the same period a year ago.

Purchase of property & equipment was $30,294 compared to $90,820 for the same period a year ago.