| For the nine months ended 30 September 2009, American Defense Systems Inc's revenues increased 16% to $36.2M. Net loss from cont. ops. applicable to Common totaled $7.9M vs. an income of $190K. Revenues reflect increased income due to higher order fulfillment under Marine Corp. Net loss reflects higher general & administrative expenses, a rise in depreciation expenses, the presence of T2 expenses and an increase in settlement of litigation. |