Insignia Systems, Inc. is a developer and marketer of in-store media solutions, programs and services to retailers and consumer goods manufacturers. Through its Point-Of-Purchase Services (POPS) business, Insignia provides at-shelf advertising solutions in an available network of over 13,000 chain retail supermarkets, over 1,700 mass merchants and 7,000 dollar stores. Through the nationwide POPS network, over 200 major consumer goods manufacturers, including General Mills, Kellogg Company, Kraft, Nestlé, Armour-Eckrich and Ocean Spray, have taken their brand messages to the point-of-purchase. For additional information, contact (888) 474-7677, or visit the Insignia website at

Cautionary Statement for the Purpose of Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Statements made in this press release (or during the conference call referred to herein) by the Company, its Chairman and CEO Scott Drill, its Vice President of Finance and CFO John Gonsior or its President and COO Glen Dall, regarding, for instance: current expectations as to future financial performance (including but not limited to bookings for the first fiscal quarter of 2013 and results for fiscal year 2013) and our ability to continue cost improvements and to maintain profitability, current sales trends with consumer packaged goods manufacturers, the expected addition of retailers and the ability to increase revenue; success in our business relationships with News America and Valassis; the effect of any new line of POPS Signs on the Company’s performance and the future importance of, and our ability to develop and implement mobile or digital marketing products and to increase our retailer access for these products, are forward-looking statements. These forward-looking statements are based on current information, which we have assessed and which by its nature is dynamic and subject to rapid and even abrupt changes. As such, results may differ materially in response to a change in this information. Forward-looking statements include statements expressing the intent, belief or current expectations of the Company and members of our management team and involve certain risks and uncertainties, including: (i) the risk that management may be unable to fully or successfully implement its business plan to achieve and maintain profitability in the future; (ii) the risk that the Company will not be able to expand core product offerings or to develop and implement new product offerings in a successful manner; (iii) the unexpected loss of a major consumer packaged goods manufacturer or retailer agreement or loss of our relationship with News America or Valassis; (iv) prevailing market conditions in the in-store advertising industry, including intense competition for agreements with retailers and consumer packaged goods manufacturers and the effect of any delayed or cancelled customer programs; (v) potentially incorrect assumptions by management with respect to the financial effect of cost containment or reduction initiatives, current strategic decisions, current sales trends for fiscal year 2013; and (vi) other economic, business, market, financial, competitive and/or regulatory factors affecting the Company’s business generally , including those set forth in our Annual Report on Form 10-K for the year ended December 31, 2011 and additional risks, if any, identified in our Quarterly Reports on Form 10-Q and our Current Reports on Forms 8-K filed with the SEC. You are cautioned not to place undue reliance on these or any forward-looking statements, which speak only as of the date of this press release and conference call. Such forward-looking statements should be read in conjunction with the Company's filings with the SEC. The Company assumes no responsibility to update the forward-looking statements contained in this release or the reasons why actual results would differ from those anticipated in any such forward-looking statement, other than as required by law.
Insignia Systems, Inc.

Three Months Ended Year Ended
December 31, December 31,
2012     2011 2012     2011
Net sales $ 5,330,000 $ 4,200,000 $ 20,174,000 $ 17,233,000
Cost of sales   2,982,000     3,526,000     12,872,000     12,415,000  
Gross profit 2,348,000 674,000 7,302,000 4,818,000
Operating expenses:
Selling 1,178,000 1,458,000 5,049,000 5,753,000
Marketing 230,000 427,000 1,149,000 1,700,000
General & administrative 732,000 990,000 3,388,000 5,495,000
Gain from litigation settlement, net   -     -     -     (89,762,000 )
Operating income (loss) 208,000 (2,201,000 ) (2,284,000 ) 81,632,000
Other income, net   7,000     8,000     27,000     63,000  
Income (loss) before taxes 215,000 (2,193,000 ) (2,257,000 ) 81,695,000
Income tax benefit (expense)   (146,000 )   1,805,000     633,000     (30,606,000 )
Net income (loss) $ 69,000   $ (388,000 )

$ (1,624,000 )

$ 51,089,000  
Net income (loss) per share
Basic $ 0.01 $ (0.03 ) $ (0.12 ) $ 3.35
Diluted $ 0.01 $ (0.03 ) $ (0.12 ) $ 3.29
Shares used in calculation of
net income (loss) per share:
Basic 13,602,000 14,262,000 13,605,000 15,229,000
Diluted 13,613,000 14,262,000 13,605,000 15,512,000

December 31, December 31,
2012 2011
Cash and cash equivalents $ 20,271,000 $ 23,202,000
Working capital

Total assets

Total liabilities

Shareholders' equity 26,495,000 27,859,000

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