Electronic Systems Technology, Inc. Announces 4th Consecutive Record Sales Year.KENNEWICK Kennewick (kĕn`əwĭk), city (1990 pop. 42,155), Benton co., SE Wash., on the Columbia River near the influx of the Snake River, in an irrigated farm and vineyard region; inc. 1904. , Wash. -- Electronic Systems Technology Inc. (EST EST electroshock therapy. EST abbr. electroshock therapy ) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ELST ELST East Lake Sammamish Trail (Washington) ), manufacturer of ESTeem wireless modems A modem and antenna that transmits and receives over the air. Wireless modems support several technologies, including 802.11, Bluetooth, CDPD, DataTAC, Mobitex and Ricochet. There are wireless modems for laptops, handhelds and cellphones. , today announced sales and results of operations for the twelve-month period ended December December: see month. 31, 2005. EST reported sales for 2005 of $2,417,700, compared to $2,416,625 for 2004, reflecting a marginal (jargon) marginal - 1. Extremely small. "A marginal increase in core can decrease GC time drastically." In everyday terms, this means that it is a lot easier to clean off your desk if you have a spare place to put some of the junk while you sort through it. 2. increase from 2004, and reflecting the fourth consecutive record sales year for the Company. Net income for 2005 was $113,063, or $0.02 per share, compared with a net income of $174,820, or $0.03 per share, for 2004.
Selected Statement of Operations Information Summary
Twelve Months Ended
Dec. 31 Dec. 31
2005 2004
---- ----
Sales $2,417,700 $2,416,625
Net income (loss) before tax 174,757 260,126
Net Income (loss) 113,063 174,820
Weighted average common shares
outstanding 5,223,804 5,272,611
Basic Earnings (loss) per Share $ 0.02 $ 0.03
Diluted Earnings (loss) per Share $ 0.02 $ 0.03
Selected Balance Sheet Information
Dec. 31 Dec. 31
2005 2004
---- ----
Cash and cash equivalents $ 651,265 $ 488,480
Total current assets 2,764,889 2,707,919
Property & equipment (net) 184,025 253,456
Total assets 2,994,581 2,983,296
Total current liabilities 176,137 209,035
Long-term debt -0- -0-
Stockholders' equity 2,759,144 2,698,761
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