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To: The Ox who wrote (3142)	3/5/2014 5:06:42 PM
From: The Ox	Respond to of 8260

ERII over $6 a/h, up on earnings beat. finance.yahoo.com FOURTH QUARTER HIGHLIGHTS: Net revenue was $23.2 million in the fourth quarter of 2013, up 54% from $15.1 million in the same period of 2012 and representing the strongest revenue quarter in the Company's history Gross profit margin was 63% in the fourth quarter of 2013, increased from 43% in the same period of 2012 and demonstrating the third consecutive quarter at or above 60% Operating expenses decreased 10% from $8.7 million in the fourth quarter of 2012 to $7.8 million in the fourth quarter of 2013 Reflecting the strongest profit quarter in the Company's history, net income was $6.7 million, or $0.13 per share, compared to a net loss of $(2.2) million, or $(0.04) per share, in the same period of the prior yearFULL YEAR HIGHLIGHTS: In line with expectations, net revenue increased $0.4 million from $42.6 million in 2012 to $43.0 million in 2013 on strong shipments in the fourth quarter Gross profit margin increased from 47% in 2012 to 60% in 2013 Operating expenses decreased $0.3 million from $28.9 million in 2012 to $28.6 million in 2013 amid heavy investment tied to the commercialization of oil & gas solutions Net loss reduced by 62% from $(8.3) million in 2012 to $(3.1) million in 2013 Loss per share improved from $(0.16) in 2012 to $(0.06) in 2013 Cash flow from operations increased by $6.5 million from a use of $(4.4) million in 2012 to $2.1 million in 2013