Innovaro, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company reported revenue of $190,416 compared to $61,484 a year ago. Loss from continuing operations before income taxes was $795,819 compared to $1,126,040 a year ago. Loss from continuing operations was $795,819 or $0.05 per basic and diluted share compared to $1,126,040 or $0.08 per basic and diluted share a year ago. Net loss attributable to company stockholders of $1,395,567 or $0.09 per basic and diluted share compared to $1,134,618 or $0.08 per basic and diluted share a year ago.

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.