Sajan reports fourth-quarter profit
Sajan Inc.
, a River Falls provider of language translation software, swung to a profit for the fourth quarter on the sale of intellectual property and an increase in revenue.
Sajan (OTCBB: SAJA) reported net income for the fourth quarter of 2011 of $226,000, or 1 cent per share. The company posted a gain of $550,000 on the sale of patents. In the same period a year ago, Sajan posted a net loss of $420,000, or 3 cents per share. Fourth-quarter revenue increased 15 percent to $5.1 million from $4.4 million.
Sajan said it ended the year with net income of $67,000, which compares with a net loss of $3 million in 2010. Earnings per share broke even in 2011 from a 20 cents per share, the year before. Revenue was up 31 percent to $20.9 million from $16 million in 2010.
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Article source: http://www.bizjournals.com/milwaukee/news/2012/02/21/sajan-reports-fourth-quarter-profit.html