Blackline GPS Corp. reported earnings results for the fourth quarter and full year 2011. For the quarter, the company reported revenue of $593,100 against $621,900 a year ago. Adjusted LBITDA was $614,600 against $583,900 a year ago. Net loss was $660,700 or $0.04 per share against net loss of $641,000 or $0.07 per share a year ago. For the year, the company's revenues were $1.92 million compared to $2.12 million for 2010. The decrease reflects a reduction in consumer sales that was virtually offset by increased sales into the higher margin B2B markets. Net loss was $3.21 million compared to net loss of $3.05 million in 2010. The net impact was due largely to a one-time royalty adjustment in the second quarter combined with additional stock compensation expense. The Adjusted LBITDA was $2.84 million compared to $2.82 million in 2010.