beat Wall Street's fourth-quarter earnings expectations and reached pro forma and EBITDA profitability.
The company posted fourth-quarter pro forma income of $1.2 million, or 4 cents a share, compared with a loss of $5.4 million, or 19 cents a share, in the year-ago period. Analysts had been expecting income of 2 cents a share, according to Thomson Financial/First Call.
Revenue for the quarter was $27.0 million, a 49% increase from the $18.2 million the company reported in fourth-quarter 2000.
For first-quarter 2002, the company expects to earn 2 cents to 3 cents a share on revenue of $30 million to $30.5 million.