In the three months to Dec. 31, the digital financial publisher reported net income of $213,000, or a penny a share, compared to a net loss of $2.2 million, or 7 cents a share, in the year-ago quarter.
Quarterly revenue jumped 7.1% to $14.8 million, boosted by a 9.7% increase in its subscription services segment, primarily a result of organic growth in subscription newsletters and M&A publication The Deal. Around 80% of total revenue is subscription-based.
Operating expenses decreased 8.9% to $14.6 million. Stripping out the impact of restructuring and other one-time charges, operating expenses fell 5.9% from a year earlier.
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For the full year, the Wall Street-based business generated $54.5 million in revenue, up 7.4% from 2012 and in excess of prior guidance of $53 million to $54 million. The company narrowed its yearly losses to $3.8 million, or 11 cents a share, from a loss of $12.7 million, or 38 cents a share, a year earlier.
"In 2014, we will continue to focus on growing subscriptions across our institutional and retail platforms, as well as improving user experience on our free site," said CEO Elisabeth DeMarse in a statement.