BlastGard International Inc. reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported consolidated revenues of $3,496,433 as compared to $334,209 for the year ended December 31, 2011. HighCom product sales for 2012 at $3,274,137 represented approximately 94% of total sales for the year.

Most of the remaining sales were for blast mitigating garbage receptacles, the BlastGard MTR. For 2012, the company had a net income from operations of $19,567 as compared to a loss from operations of $1,718,644 for 2011. Net income was $1,044,967 as compared to a net loss of $3,872,185 for the comparable period of the prior year.

In 2012, net income benefited from a gain on derivative liability of $1,774,584 and other income of $142,658, less interest expenses of $882,685. This resulted in 2012 total other income of $1,034,557 which benefited 2012 net income.