Fourth quarter revenue was pre-announced by the company. Sales were up 15% to $1.64 million, excluding last year's contribution from a non core business that subsequently was sold off. Earnings were not commented on. But we continue to estimate full year income of $.20 a share (+11%). The fiscal year just ended (August) was affected by a downturn in third party collaboration revenue, and a fall-off in consulting activity. Both of those segments are poised to re-accelerate in the upcoming year. License sales continue to grow at a 15% pace, moreover. We estimate income will improve 25% to $.25 a share in fiscal 2013. The market opportunity remains lightly penetrated. Above average gains could be sustained well into the decade.
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