Insignia Systems, Inc. Announces A Profitable Fourth Quarter

Insignia Systems, Inc. (Nasdaq: ISIG) today reported the following results for the three months and year ended December 31, 2012, as compared to the three months and year ended December 31, 2011.
         
Three months ended Three months ended % increase
12/31/2012 12/31/2011 (decrease)  
 
POPS revenue $ 4,944,000 $ 3,649,000 35.5 %
Products revenue   386,000     551,000   (29.9 ) %
Total net sales 5,330,000 4,200,000 26.9 %
 
Operating income (loss) $ 208,000 $ (2,201,000 )
 
Net income (loss) $ 69,000 $ (388,000 )
 
Net income (loss) per share:
Basic $ 0.01 $ (0.03 )
Diluted $ 0.01 $ (0.03 )
 
Year ended Year ended % increase
12/31/2012 12/31/2011 (decrease)  
 
POPS revenue $ 18,433,000 $ 15,032,000 22.6 %
Products revenue   1,741,000     2,201,000   (20.9 ) %
Total net sales 20,174,000 17,233,000 17.1 %
 
Operating income (loss) $ (2,284,000 ) $ 81,632,000 *
 
Net income (loss) $ (1,624,000 ) $ 51,089,000 *
 
Net income (loss) per share:
Basic $ (0.12 ) $ 3.35
Diluted $ (0.12 ) $ 3.29
 

* Includes a net gain from litigation settlement of $89,762,000 ($55,062,000 net of tax) related to the $125,000,000 settlement of the Company’s lawsuit against News America Marketing In-Store, LLC (NAM).

If you liked this article you might like

Where Are These 3 Big-Name Buffett Disciples Investing?

Insider Trading Alert - TAX, ISIG And EIGI Traded By Insiders

Insider Trading Alert - CRM, BKD And ISIG Traded By Insiders

Insider Trading Alert - SUBK, ISIG And SNBC Traded By Insiders

Insider Trading Alert - TCS, PPL And ISIG Traded By Insiders