great result!

I expect the guys on the sidelines to bag the result for falling short of guidance, but the bottom line is this:

* Revenues have quadrupled (up 400%) since 2009!

* Debt has been reduced to nearly zero. ($0.4m)

* Revenues up 166% 2010 vs 2009.

This is a great achievement and places the company in a very strong position going forward. Now, the naysayers will be critical of the fact that actual earnings represent only 77% of the guidance put out in October, but that doesn't change the overall positive fundamentals. Moreover, no speculative movement was built into the pre-announcement SP.