Attached files
| file | filename |
|---|---|
| 8-K - ELECTRONIC SYSTEMS TECHNOLOGY, INC. FORM 8-K - ELECTRONIC SYSTEMS TECHNOLOGY INC | est8kmar2913.htm |
Exhibit 99.1
![[ex99002.gif]](ex99002.gif)
Electronic Systems Technology, Inc.
Announces 2012 Financial Results
KENNEWICK, WASHINGTON --- March 29, 2013 --- 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, 2012.
EST reported sales for 2012 of $2,113,816 compared to $1,791,741 for 2011, reflecting an increase of 18% from 2010. Net Profit for 2012 was $24,122, or $0.00 per share, compared with a Net Loss of $(129,990), or $(0.03) per share, for 2011.
Selected Statement of Operations Information Summary | ||
| Twelve Months Ended | |
| December 31 2012 | December 31 2011 |
Sales | $ 2,113,816 | $ 1,791,741 |
Net income (loss) before tax | 50,522 | (187,453) |
Net Income (loss) | 24,122 | (129,990) |
Weighted average common shares outstanding | 5,158,667 | 5,158,667 |
Basic Earnings (loss) per Share Diluted Earnings (loss) per Share | $ 0.00 $ 0.00 | $ ( 0.03) $ ( 0.03) |
Selected Balance Sheet Information | ||
| Dec 31 2012 | Dec 31 2011 |
Cash and cash equivalents | $ 818,497 | $ 1,227,490 |
Total current assets | 2,923,777 | 2,913,327 |
Property & equipment (net) | 42,272 | 54,358 |
Total assets | 2,993,724 | 3,023,360 |
Total current liabilities | 45,701 | 100,114 |
Long-term debt | -0- | -0- |
Stockholders' equity | 2,993,724 | 2,915,446 |
Electronic Systems Technology, a publicly held Company since 1984, was the first Company to develop the wireless modem and receive the United States and Canadian patent for this technology. Contact EST for more details.
![[ex99004.gif]](ex99004.gif)