Poynt Corporation reported consolidated earnings results for the full year ended December 31, 2011. For the year, the company reported total revenue of CAD 2,397,032 against CAD 1,001,415 a year ago. Operating loss was CAD 19,612,113 against CAD 9,756,112 a year ago. Net loss and total comprehensive loss was CAD 20,474,214 against CAD 16,918,941 a year ago. Basic and diluted net loss per share was CAD 0.05 against CAD 0.07 per share a year ago. The improvement in revenues was primarily due to the continued global increase in Poynt user adoption. The increase in net loss was primarily due to the significant investment of company resources in the development of the China Joint Venture.