For the year ended December 31, 2012, net sales of $126.5 million, decreased $58.4 million or 31.6 percent, compared to $184.9 million in the prior year. Net loss for the year was $19.3 million, or $0.33 loss per share, compared to a net loss of $18.0 million, or $0.32 loss per share in 2011.
Report was fine. They beat by 3 million on sales and EPS came in in-line. No one expected good news today, we got better than expected. Company is doing exactly what they said they were, trying to set themselves up for major leverage once the orders roll in. If the orders never roll in, the company goes bust, but people who own this should know that.
The market is booming and a big reason is reports have pretty much been better than expected .. Then you have dogs like this junk that are reporting growing losses .. nobody will be interested in it and it will take way too long to get back in the black .. The comments they made to try and sound positive were stupid .