ViewCast.com Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2012. In the 2012 fourth quarter, revenues were $3.1 million compared to $3.4 million in the prior year period. Operating income was $165,000 compared to $21,000 for the year-earlier period. EBITDA was $167,000, compared to LBITDA $721,000 in the 2011 fourth quarter. Net income from continuing operations was $122,000 against net loss from continuing operations of $36,000 a year ago. On-going operational expense controls and strong sales of the company's Osprey Video cards at year end enabled the company to report its first profitable quarter since 2010. Net income applicable to common stockholders was $42,000 or $0.00 per basic and diluted share against net loss applicable to common stockholders $936,000 or $0.02 per basic and diluted share a year ago.

For the year ended December 31, 2012, revenues were $12.1 million compared to $14.1 million for 2011. Operating loss was $1.2 million against $1.2 million a year ago. For 2012, net loss applicable to common shareholders was $1.5 million, or $0.02 per basic and diluted share. Due to the accounting treatment for the preferred stock redemption during the 2011, the net income applicable to common shareholders benefitted by $5.6 million, which together with an adjustment of $282,000 for stated preferred stock dividends resulted in net income applicable to common shareholders of $2.3 million, or $0.05 per basic and diluted share, for the year ended December 31, 2011. LBITDA for 2012 was $0.97 million compared to $2.1 million for 2011. Net loss from continuing operations was $1,360,000 against $1,393,000 a year ago.

The company expects to continue to keep costs under control, work to increase margins, introduce new Osprey and Niagara products throughout the year, and build to a very strong close for 2013. As Niagara products and Osprey cards build traction throughout the year, the company remains optimistic about achieving profitability.