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Innotrac (INOC) Q3 2012 Financial Results, Balance Sheet Remains Strong

crwenews INOC, Innotrac Corp.

** For the third quarter 2012, INOC posted total revenues of $25.7 million, a 31.6% increase year over year, and net income of $1.1million, or $0.08 per share, fully diluted, versus a net loss of $490,000, or ($0.04) per share, in the same period the prior year.

INOC ended the quarter with a $1.7 million cash balance and no advance on its line of credit as INOC approachs the higher seasonal volumes expected at the end of the year.

INOC is a best-of-breed commerce provider integrating digital technology, fulfillment and contact center solutions to support global brands.

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