The results are in

...and it's very much not a shocker.

REFR filed its 10-K this evening, showing a loss of $4,262,741 on revenues of $201,321 for the fiscal year 2004.

Tomorrow, the drumbeat of "forget the results, just focus on what we're telling you is going to happen next, and above all please forget we were just as enthusiastic and optimistic last year and every previous year of staggering losses" begins.

And so it goes.