GAAP gross profit margin was 39% in Q4 2012, compared with 41% in Q4 2011, reflecting a higher mix of product revenues versus systems and services. Total base operating expenses (consisting of research and development, sales and marketing, and general and administrative expenses) were $10.5 million in Q4 2012, down 22% from $13.4 million in Q4 2011 as a result of cost reductions implemented under the restructuring plan the Company initiated in June 2012 and from ongoing initiatives to improve the efficiency of the business.In Q4 2012, Identive recorded GAAP net income of $0.2 million, or $0.00 per share, compared with net loss of $(2.6) million, or $(0.05) per share in Q4 2011. Net income in Q4 2012 includes a $1.4 million benefit for income taxes mainly related to impairment charges taken earlier in the year.
Identive Group Announces Fourth Quarter And Fiscal 2012 Results
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