REDWOOD SHORES, Calif., March 12 /PRNewswire-FirstCall/ -- (OTC Bulletin Board: CICI) Communication Intelligence Corporation ("CIC" or the "Company"), a leading supplier of electronic signature solutions for business process automation in the financial industry* and the recognized leader** in biometric signature verification announced today its financial results for the fourth quarter and the year ended December 31, 2008.
Total revenues for the three months ended December 31, 2008 were $843,000 compared to revenues of $800,000 in the corresponding prior year period, an increase of $43,000, or 5%, and an increase of $122,000, or 17%, compared to the three months ended September 30, 2008 of $721,000. Revenues in the fourth quarter of 2008 were primarily attributable to AEGON/World Financial Group, AGLA, Allscripts-Misys, Allstate Insurance Company, Charles Schwab & Co., Oracle Corporation, Palm Inc., Prudential Financial Inc., Sony Ericsson Corp., Snap-on Credit LLC, Travelers Indemnity Company ("Travelers"), Tennessee Valley Authority and Wells Fargo Bank NA.
The Company reported a net loss attributable to common stockholders of $637,000 or $0.01 per share on 129.8 million weighted average shares outstanding for the three months ended December 31, 2008, compared to a net loss of $644,000, or $0.01, on 129.1 million weighted average shares outstanding for the corresponding prior year period. The decrease in net loss is primarily due to an increase in revenue during the fourth quarter of 2008 compared to the corresponding period in 2007.
Revenues for the twelve months ended December 31, 2008 were $2,401,000 compared to $2,145,000 for the year ended December 31, 2007, an increase of $256,000, or 12%. Revenues of $1,564,000 for the six months ended December 31, 2008 increased 25% over revenues of $1,256,000 for the corresponding period in 2007. The increase in re
|SOURCE Communication Intelligence Corporation|
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