Lightyear Network Solutions, Inc. reported unaudited consolidated earnings results for the year ended December 31, 2011. For the period, the company's revenues were $70,495,597 compared to $52,301,409 a year ago. Loss from operations was $871,899 compared to $2,917,362 a year ago. Loss before income taxes was $717,277 compared to income before income taxes of $56,543 a year ago. Net loss was $593,477 compared to net income of $1,597,135 a year ago. Loss attributable to common stockholders was $12,429,007 or $0.57 per diluted share compared to income attributable to common stockholders of $501,901 or $0.03 per diluted share a year ago. EBITDA adjusted for gain on bargain purchase was $1,282,935 compared to LBITDA adjusted for gain on bargain purchase of $2,519,387 a year ago.