Applied Energetics, Inc. reported consolidated earnings results for the year ended December 31, 2011. For the year, the company's revenue decreased approximately $8.0 million to $5.0 million compared to $13.1 million a year ago, primarily as a result of the reduction in Government spending on the company's technologies. Net loss attributable to common shareholders for the year was $6.5 million, or $0.07 per basic and diluted common share, as compared to a net loss of $3.2 million or $0.04 per basic and diluted common share for the same period last year. Operating loss was $6.4 million compared with $2.9 million a year ago. Loss before provision for income taxes was $6.4 million compared with $2.9 million a year ago. Net loss was $6.4 million compared with $2.9 million a year ago. The company expects revenues for 2012 to decline as a result of decreased Government spending and tightening of the defense budget, the completion of its contract with the USMC for its counter-IED systems and completion of funding under its ARDEC contract for its LGE technology.