Good morning to you all. Please find enclosed a summary of the breaking small-cap and micro-cap financial news we highlighted on AGORACOM Small Cap TV this morning. It’s March 30th, 2012, and we’ve found 6 great press releases to report on at the open. Another great day for small-cap and micro-cap financial news. To watch the show live every morning at 9:30 AM, visit our front page ... or click on the image below.

Broadcast International Reports Q4 and Full Year 2011 Results

Broadcast International (OTCBB: BCST), a leading provider of video management software and services for next-generation video internet protocol networks, reported financial results for the fourth quarter and full year ended December 31, 2011.

Q4 and Full Year 2011 Results
Revenues in the fourth quarter 2011 increased 9% to $2.1 million from the same period a year ago. For the full year 2011, revenues increased 15% to $8.4 million. The improvement was primarily due to expanded installation of digital signage systems with the company's largest customer.

Gross profit in the fourth quarter 2011 increased 9% to $670,000 from same year-ago period. For the full year 2011, gross profit increased 21% to $2.6 million.

Operating loss in the fourth quarter 2011 was $1.6 million, compared to $1.2 million in the same period a year ago.

Net loss in the fourth quarter 2011 was $2.4 million or $(0.02) per basic and diluted share, an improvement from a net loss of $7.0 million or $(0.14) per basic and diluted share in the fourth quarter 2010. For the full year 2011, net income totaled $1.3 million or $0.02 per basic and diluted share, compared to a net loss of $18.7 million or $(0.43) per basic and diluted share in 2010.

On March 16, 2012, Broadcast completed a $6.95 million private placement to fund the company's growth initiatives and retire senior long-term debt at discount to par.

About Broadcast International
Broadcast International is a leading provider of video-powered broadcast solutions, including IP, digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of rich-media applications and offers unprecedented price/ performance benefits for existing applications.

Last Trade: 0.34 52 Week: 1.21 – 0.32 Market Cap: 25.83 Million

China BCT Reports Fourth Quarter and Full Year 2011 Results

China BCT Pharmacy Group, Inc., (OTC BB: CNBI), ("China BCT" or the "Company"), a leading pharmaceutical distributor, retail pharmacy, and manufacturer of pharmaceutical products in Guangxi Province, China, today announced results for the fourth quarter and full year ended December 31, 2011.

Fourth Quarter 2011 Highlights

• Revenue decreased 0.7% year-over-year to $66.3 million

• Gross profit rose 12.2% year-over-year to $15.8 million

• Operating income grew 0.5% year-over-year to $9.5 million

• GAAP net income declined 7.1% to $6.9 million, or $0.18 per diluted share, from $7.4 million, or $0.19 per diluted share, in the year ago quarter

• Excluding non-cash items related to change in the fair value of warrant liabilities and share-based compensation expense, non-GAAP adjusted net income was $7.8 million, or $0.21 per diluted share

• Cash and cash equivalents as of December 31, 2011 totaled $31.5 million, compared to $20.2 million at the end of 2010

Full Year Highlights;

• Revenue was $257.5 million for the twelve months ended December 31, 2011, an increase of 28.2% from $200.8 million in the prior year.

• Gross profit was $61.8 million, or 24.0% of revenue, up 26.6% from $48.8 million, or 24.3% of revenue, for the year ended December 31, 2010.

• Operating income was $42.2 million, or 16.4% of revenue, up 19.2% from $35.4 million, or 17.6% of revenue in 2010.

• Net income increased 22.1% to $31.2 million, or $0.82 per diluted share, compared to $25.7 million, or $0.67 per diluted share prior year.

Financial Condition

As of December 31, 2011, China BCT had $31.5 million in cash and cash equivalents, $110.0 million in working capital and a current ratio of 2.77. Long-term bank debt was $0.2 million. Stockholders' equity was $116.5 million on December 31, 2011, compared to $83.1 million at the end of 2010.

About China BCT

China BCT is engaged in pharmaceutical distribution, pharmacy retailing, and the manufacture of pharmaceuticals products through its subsidiaries Guangxi Liuzhou Baicaotang Medicine Limited, Guangxi Liuzhou Baicaotang Medicine Retail Limited, and Hefeng Pharmaceutical Co. Limited in Guangxi province, China. It operates a large regional retail network in Guangxi province, consisting of 219 directly owned retail stores in Guangxi province and currently over 8,000 products are distributed through the Company's wholesale distribution network.

LAST tRADE: 1.85 52 Week: 2.61 – 1.01 Market Cap: 70.59 Million

Mikros Systems Announces Fourth Quarter & Full Year Results

Mikros Systems Corporation (OTCBB:MKRS) today announced results for the fourth quarter and twelve months ended December 31, 2011.

Highlights

• Achieved record revenue of $5.3 million in 2011, up 11% from $4.8 million in 2010

• Increased gross profit to $2.1 million from $2.0 million in 2010

• Ended 2011 with $1.0 million in cash and cash equivalents, an increase of over 50% from 2010

• Currently pursuing a number of new contracts expected to accelerate growth in 2012 and beyond

Fourth Quarter Results

Revenue for the fourth quarter of 2011 increased 56% to $2.3 million, as compared with $1.5 million for the fourth quarter of 2010, reflecting higher revenues related to the Company's ADEPT products. Mikros realized gross profit of $0.7 million, or 31.4% of revenue, as compared to $0.6 million, or 44.2% of revenue, in the prior-year period. The Company posted net income of $0.2 million, or $0.005 per diluted share, as compared to net income of $0.1 million, or $0.003 per diluted share, in the fourth quarter of 2010.

Full Year Results

Revenue for the full year 2011 increased 11% to $5.3 million, as compared with $4.8 million for 2010, reflecting higher revenues related to the Company's ADEPT products. Mikros reported gross profit of $2.1 million, or 39.9% of revenue, as compared to $2.0 million, or 41.8% of revenue, in the prior year. The Company posted net income of $0.2 million, or $0.005 per diluted share, as compared to net income of $0.3 million, or $0.007 per diluted share, in 2010

Mikros ended the year with $1.0 million in cash and cash equivalents, as compared to $0.6 million at the end of 2010.

About Mikros

Mikros Systems Corporation is an advanced technology company specializing in the research and development of electronic systems technology, primarily for military applications. Classified by the U.S. Department of Defense as a small business, its capabilities include technology management, electronic systems engineering and integration, radar systems engineering, combat/command, control, communications, computers and intelligence systems engineering, and communications engineering.

Last Trade: 0.09 52 Week: 0.16 – 0.04 Market Cap: 2.86 Million