For the twelve months ended December 31, 2006, net revenue was $31.9 million, a decrease of $3.8 million, or 10.6%, from the $35.6 million in net revenues reported for the prior fiscal year. The decrease in net revenue was primarily attributed to pricing pressure stemming from continuing industry over-supply. The industry-wide price declines were partially offset by a product mix improvement in favor of higher-priced and higher-value-added products, although achieving such product mix improvements required additional costs and strategic investments. Gross profit for FY2006 was $10.5 million, or 32.9% of sales, compared to $12.6 million, or 35.3% of sales, for the prior fiscal year.

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