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Intelligent Systems (Amex:INS) announced its financial results for the three and six month periods ended June 30, 2011. For the three month period ended June 30, 2011, Intelligent Systems reported net income of $637,000 ($0.07 per basic and diluted share) compared to net income of $298,000 ($0.03 basic and diluted share) in the second quarter of 2010. The company's total revenue for the second quarter of 2011 was $4,157,000. While lower than total revenue recorded in the same period of 2010, the second quarter 2011 revenue was higher than the revenue reported in each of the immediate three prior quarters. For the six month period ended June 30, 2011, total revenue was $7,701,000 compared to total revenue of $8,305,000 in the comparable period of 2010. Net income in the six months ended June 30, 2011 was $283,000 ($0.03 per basic and diluted share) compared to $383,000 ($0.04 basic and diluted share) in the comparable period in 2010.
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