Axion Power International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company's net sales were $2,237,647 compared to $1,760,562 a year ago. Loss before income taxes was $2,067,255 compared to $2,332,789 a year ago.

Net Loss was $2,067,255 compared to $2,332,789 a year ago. Basic and diluted loss per share was $0.02 compared to $0.02 a year ago. Cash used in operating activities was $1,120,996 compared to $1,733,212 a year ago.

Purchase of property & equipment was $90,820 compared to $336,412 a year ago.