Transcription:
Riggs E.: Hello, this is Riggs Eckelberry, and thank you for joining me.
We have a lot of good news and updates to give you. Now this thing is once a month and things kind of stack up, but let me take things one by one.
First of all, we filed our annual report, and it is available up on the SEC site called EDGAR and I can give you some highlights from that.
Alright so, you know that a couple months ago we announced that revenue had increases 38% year over year. In fact that is so. We went from 3 million odd to about 4 million six. In fact, I can give you specifics right here. Well yes, it went from 3,355,632 to 4,600,000, which is almost a 40% increase, which is excellent. And cost of sales proportionally went down, so we have an improvement in margins of about 6%. Now this in an area where we are going to be working a lot more on. Which is on our operating margins, and I'll be talking about this further.
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