Great numbers posted...too bad I sold most of my shares.
Artificial Life Reports Strong Third Quarter Earnings
42 minutes ago - Globenewswire
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Symbol Last %Chg
ALIF 1.06 24.71%
As of 9:41 AM ET 10/31/08
Artificial Life, Inc. (OTCBB:ALIF) (www.artificial-life.com), a leading full service provider of award-winning mobile technology, games and applications, today reported strong results for its third quarter 2008.
REVENUES: Revenues for the quarter ending September 30, 2008 were $6,628,597 as compared to $1,611,704 for the same quarter in 2007. The increase in revenues of $5,016,893 or 311% was mainly due to increased product license income; one time downloads and monthly subscription revenues for 3G games derived from mobile carriers, resellers and hand set distributors; and license sales for the new technology platform MobileBooster(tm).
Revenues for the first nine months of 2008 were $16,235,071 as compared to $2,684,458 for the same period in 2007, an increase of 505%.
INCOME: Income from operations for the quarter ending September 30, 2008 was $3,584,546 as compared to $466,059 for the same quarter in 2007, an increase of 669%. The increase of income from operations is mainly due to increased revenues from the sale of 3G games and technology licenses offset by operating costs of $3,044,051.
Net income for the quarter ending September 30, 2008 was $3,485,050 as compared to a net income of $28,478 for the same quarter in 2007.
The basic and diluted net income per share for the third quarter of 2008 was $0.07, as compared to $0.00 for the quarter ending September 30, 2007.
"Despite the current global market turmoil we have been able to perform well and deliver the best quarter results in our history. The strategy of becoming a full service mobile application provider and expanding carefully is working out well and has again generated positive results. We expect further growth for the remainder of the year," said Eberhard Schoneburg, CEO of Artificial Life, Inc. |
