DGSE Companies, Inc. (DGSE) reported that its fourth-quarter net income was $135,004 or $0.01 per share compared to net income of $1.46 million or $0.13 per share in the year ago quarter.
The net loss includes $0 and $283,789 in the fourth quarters of 2012 and 2011 respectively related to the discontinued operations of our Superior Galleries subsidiary.
Revenues decreased by 10 to $37.50 million , compared to $41.53 million in the in the prior year. This decrease was primarily the result of an industry-wide reduction in bullion demand.
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