Financial Highlights
- 4th quarter revenue was $55.2M
- 4th quarter net income was $1M or $0.04/share compared to a loss of $14.3M same quarter a year ago
- Net income of $7.0 million compared to net loss of $4.1 million including $9.9 million in impairment charges
- Rear end revenue was $222.4M compared to $217.3M
Flanders reaffirmed their revenue expectations for 2010 saying it will be somewhere between $255M-$270M. This would mark yet another year of revenue growth.
The company did a good job this year improving on nearly every metric on their balance sheet, from cutting operating
costs to increasing revenue and everything in-between. The conference call was upbeat and the management is confident, so confident that some top management has bought back a considerable amount of stock. The growth opportunities for this company are incredible if they can take advantage of the “Nuclear Renaissance.” 
One concern that shareholders seem to have is that the company is not listed on a major index, hence scaring some investors away. Pink sheets and OTC stocks can be more difficult to trade on internet platforms compared to AMEX or NASDAQ stocks. The CEO said that we would consider re-listing if it would add value to shareholders.
The company continues to perform well in the face of tough economic times and increased pricing pressure. They have relied on their world class service to have such a high level of sales and management sees this trend continuing into 2010.
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