Helios and Matheson Information Technology Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported revenue of $3,325,000 compared with $2,830,000 for the same period last year. Income from operations was $156,000 compared with $236,000 for the same period last year. Net income was $164,000 or $0.07 basic and diluted per share compared with $239,000 or $0.10 basic and diluted per share for the same period last year.


For the year, the company reported revenues of $12,368,920 compared with $12,203,990 for the same period last year. Profit from operations was $505,971 compared to $211,477 for the same period last year. Profit before income taxes was $432,848 compared to $215,146 for the same period last year. Net profit was $421,693 or $0.18 basic and diluted per share compared to $202,903 or $0.09 basic and diluted per share for the same period last year. Net cash provided by operating activities was $928,189 compared with $357,772 for the same period last year. Net Purchase of property and equipment was $43,636.