Document Security Systems, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total revenue was $4,206,677 compared to $4,130,443 for the same period last year. Operating loss was $860,627 compared to $1,239,203 for the same period last year. Loss before income taxes was $950,058 compared to $1,599,397 for the same period last year. Net loss was $954,796 or $0.05 loss per basic and diluted share compared to $1,604,134 or $0.11 loss per basic and diluted share for the same period last year. For the year, the company reported total revenue was $13,383,604 compared to $13,381,581 for the same period last year. Operating loss was $3,474,109 compared to $3,896,137 for the same period last year. Loss before income taxes was $3,372,329 compared to $4,584,941 for the same period last year. Net loss was $3,222,146 or $0.17 loss per basic and diluted share compared to $3,462,850 or $0.20 loss per basic and diluted share for the same period last year. Net cash used by operating activities was $2,124,505 compared to $1,759,253 for the same period last year. Purchase of property, plant and equipment was $523,596 compared to $157,422 for the same period last year. Purchase of other intangible assets was $72,069 compared to $269,729 for the same period last year. The company able to finish 2011 with a strong fourth quarter that allowed to increase revenue despite a significant reduction in printing sales. In 2012, the company expects improved financial performance with growth in revenues, margins, and cash flow.