On April 16, 2014, OxySure Systems (OTCQB:OXYS) reported fourth quarter and full year financial results for the period ending December 31, 2013. Revenues in the fourth quarter 2013 totaled $0.54 million, up 612% from the same period in 2012. Revenues far exceeded our expectations, as we expected a dramatic slowdown in military orders during the fourth quarter 2013 thanks to the government shutdown and sequester that occurred in November 2013.
However, management noted on the most recent conference call that it takes 90-120 days for orders to flow down from the military to the revenue line, so without a budget appropriations bill in the fourth quarter - which by the way finally just passed on January 17, 2014
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