Technology | 2012.03.24
Electronic Systems Technology, Inc. Announces 2011 Financial Results
KENNEWICK, Wash.--(BUSINESS WIRE)--Electronic Systems Technology Inc. (EST) (OTCQB:ELST), dba ESTeem Wireless Modems, the manufacturer of the ESTeem product line of wireless modems, today announced sales and results of operations for the twelve month period ended December 31, 2011. EST reported sales for 2011 of $1,791,741 compared to $2,228,798 for 2010, reflecting a decrease of 20% from 2010. Net Loss for 2011 was $(129,990), or $(0.03) per share, compared with a Net Income of $129,452, or $0.
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