Danionics A/S reported earnings results for the full year ended December 31, 2011. For the period, the company reported revenues of DKK 1,678,000, operating loss of DKK 2,687,000, loss before tax of DKK 2,979,000 and net loss of DKK 2,979,000 or DKK 0.18 basic and diluted per share against revenues of DKK 325,000, operating loss of DKK 4,577,000, loss before tax of DKK 10,154,000 and net loss of DKK 10,154,000 or DKK 0.68 basic and diluted per share for the same period a year ago. Cash flows used for operating activities was DKK 3,002,000 against DKK 3,248,000 for the same period a year ago. Return on equity at negative was 116.1% against 217.9% for the same period a year ago. For the year 2012, the company expects a loss in the range of DKK 2.5 million - DKK 3 million after interest income but before recognition of any share of the profit/loss for the year or value adjustments in Danionics Asia Ltd. Moreover, the company may continue to generate sales revenue if the sales efforts undertaken by Danionics.