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Dynasil Corporation of America Reports Fiscal Year 2013 Financial Results
Date:12/20/2013

 DYNASIL CORPORATION OF AMERICACONSOLIDATED STATEMENTS OF OPERATIONS20132012Net revenue$
42,752,832$
47,887,150Cost of revenue24,667,08728,381,407Gross profit18,085,74519,505,743Operating expenses:Sales and marketing expenses1,746,8651,729,703Research and development expenses2,307,4072,810,778General and administrative expenses15,371,49416,386,454Impairment of goodwill and long-lived assets6,829,0722,284,499Total operating expenses26,254,83823,211,434Loss from operations(8,169,093)(3,705,691)Interest expense, net861,038639,096Loss before income taxes(9,030,131)(4,344,787)Income tax credit(302,960)(41,021)Net loss$
(8,727,171)$
(4,303,766)Net loss$
(8,727,171)$
(4,303,766)Other comprehensive loss:(Increase) decrease in pension liability$
92,513$
(345,443)Foreign currency translation(1,734)109,783Total comprehensive loss$
(8,636,392)$
(4,539,426)Basic net loss per common share$
(0.59)$
(0.29)Diluted net loss per common share$
(0.59)$
(0.29)Weighted average shares outstandingBasic14,812,85814,811,294Diluted14,812,85814,811,294 


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SOURCE Dynasil Corporation of America
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