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Message: From today....

One can do whatever with a group of numbers. It's easy to slant the data in a positive way.

If you analyze the entire balance sheet and income statement including a breakdown of the quarters, you may find some negatives as well.

Assets are lower by 340k from the last quarter. Liabilities are up by 37k and equity is lower by 366k.

Revenue for the 4th quarter was approx. 221k, gross profit was 41k, and expenses were 426k. The net loss including taxes was 370k, compared to net incomes of 731k, 163k, and 671k for the first three quarters respectively.

Compared to fiscal year 2011, which had low revenue from the patent settlements, allowed a favorable year to year comparison. This is good, but doesn't tell the entire story.

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