Innovaro, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
For nine months, the company reported revenue of $417,334 compared to $316,676 a year ago. Loss from continuing operations before income taxes was $2,835,324 compared to $3,950,365 a year ago. Loss from continuing operations was $2,835,324 or $0.19 per basic and diluted share compared to $3,930,737 or $0.26 per basic and diluted share a year ago. Net loss attributable to company stockholders of $7,566,061 or $0.50 per basic and diluted share compared to $2,772,432 or $0.19 per basic and diluted share a year ago. Net cash used in operating activities of continuing operations was $1,160,749 compared to $2,004,708 a year ago. Capital expenditure was $661 compared to $26,733 a year ago.