RE: got spammed so I took a quick look You're right on a couple fronts. Revs over the past have remained fairly level and profits steadily flowing (in 27 of 33 quarters). Profits were essentially the result of reducing margins. In 2012, for example, gross margins were 50.8% compared to 40% in 2011.
Profit from 2011 to 2012 increased dramatically...Net profit in 2012 was $776,688 (0.03/share) up 707% from $1,097 in 2011 (0.00/ share). Revenue decreased $124,639 from $5,127,176 to $5,002,537.
As you said, 2013 will prove to be a significant year. Q1 revenue has shown a 40% increase from $1,060,471 to $1,486,872 and a 440% increase in net income to $202,064 (0.01/share) from a loss of $59,430 (0.00). Of course, following on the heels of these strong Q1 earnings have been the numerous contract announcements, so far totalling over $9,000,000...$4,000,000 more than all of last year.
May be it will prove to be a blip...a very large one (which will undoubtedly still attract the market's attention)...or it is the beginning of a long term trend in growth (that will undoubtedly attract the market's attention). Either way, I believe the co. is undervalued, and patient shareholders will be rewarded.