Blackline GPS Corp. reported earnings results for the fourth quarter and full year ended October 31, 2012. For the quarter, the company reported revenue of $845,100 compared to $593,100 a year ago. Net loss was $505,500 or $0.03 per share compared to $659,900 or $0.05 per share a year ago. Adjusted LBITDA was $267,300 compared to $307,200 a year ago. Adjusted EBITDA improved due to the impact of increased revenue and greater margins, partially offset by the impact of growth in the sales and marketing expenses necessary for the Company's expansion. Driven by sales of the new products released in the last 12 months the Company achieved record revenue in Q4, surpassing the same quarter in the prior year by 43%.

For the year, the company reported revenue of $2,635,100 compared to $1.922,100 a year ago. Net loss was $3,110,200 or $0.20 per share compared to $3,181,100 or $0.25 per share a year ago. Adjusted LBITDA was $1,539,300 compared to $1,786,200 a year ago.