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.
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- great result!
great result!
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