That might be news to you Brundal but it is certainly not something that is unexpected is it? If you have been following this forum then you will have noted that it has been expected as a result of the redirection of resources away from low volume products. The hit was anticipated as a result of the work required to produce the high volume product line that will fuel this company for a prolonged period with one time engineering costs.
As has been posted here I think it is clear that the level of production did not take as large as hit as was expected per the analyst report.
I believe that you have some idea why DenseLight has typically lost money as it has been talked about here. Your statement from the MD&A is pretty much bang on to what this company has been doing to transition to high volume low cost products integrating the dielectrics.