Hamilton Thorne Ltd. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported net profit of $18,299, an improvement of $347,303 from the net loss of $329,003 for the same period of the previous year. The improvement was due primarily to increased sales, the substantial reduction in operating expenses, as well as reduced interest expenses. Total sales increased 2.1% to $2,064,340 during the quarter ended December 31, 2012, which was up $42,167 from $2,022,173 during the previous year quarter. For the year, the company reported total sales of $6,326,006, a decrease of $833,156, or 11.6% from $7,159,162 during the previous year. This decrease was attributable to laser sales being down slightly, while CASA sales were off substantially, in part due to cyclical fluctuations in demand, and in part due to purchase deferrals in anticipation of new product announcements which began to be fulfilled in the fourth quarter. Loss from operations was $1,341,012 against $1,370,442 a year ago. Net loss was $1,638,330 against $1,891,620 a year ago. Diluted loss per share was $0.03 against $0.06 a year ago. Net cash flows used in operating activities was $808,211 against $1,865,027 a year ago. Purchase of property and equipment was $3,407 against $70,016 a year ago.

Hamilton Thorne Ltd. filed its Annual on Apr 29, 2013 for the period ending Dec 31, 2012. In this report its auditor, Meyers Norris Penny LLP - MNP LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

Hamilton Thorne Ltd. reported preliminary unaudited earnings results for the fourth quarter and year-ended December 31, 2012. The company’s fourth quarter sales increased to approximately $2.05 million, up 41% versus the third quarter of 2012 and up 2% versus the same quarter last year. The company generated approximately $150,000 of positive cash flow for the quarter due to the combination of strong sales and the full impact of the strategic cost cutting that it executed in the third quarter. Sales growth was driven by increased demand for the Hamilton Thorne’s best-of-class CASA II image analysis systems which were introduced at the end of the third quarter and shipped in quantity in fourth quarter. Total preliminary sales for the year were approximately $6.3 million.