Business
Diversinet Reports Third Quarter 2010 Financial Results
Diversinet Reports Third Quarter 2010 Financial Results
About this update from Diversified Royalty Corp.
[{"type":"text","content":"\n\n\n\n Oct. 29, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Oct. 29 /CNW/ - Diversinet Corp. (OTCBB: DVNTF, TSX Venture:\n DIV), a leading innovator of secure mobile healthcare applications,\n reported its third quarter 2010 results for the period ended September\n 30, 2010.  All dollar amounts are in U.S. dollars.\n\n\nFinancial Highlights\nRevenues for the third quarter were $394,000, compared to $1.9 million\n in the same quarter a year ago and were primarily derived from the\n company's license and VAR agreement with Intersections, Inc. Third\n quarter 2009 revenues included $1.6 million from the license agreement\n with AllOne Mobile Corp. which was terminated in June 2010.\n\n\nRevenues for the nine months ended September 30, 2010 were $4.8 million,\n compared to $5.9 million in the same period in 2009. Revenues in the\n first nine months of 2010 included $3.6 million derived from the\n settlement with AllOne and return of common shares from Hospital\n Service Association of Northeastern Pennsylvania, which was included in\n other income.\n\n\nNet loss for the quarter was $933,000 or $(0.02) per share and includes\n a government research and development tax refund of $208,000\n (2009-$nil), compared to net income in the same year-ago quarter of\n $1.1 million or $0.02 per share. The net income for the nine months\n ended September 30, 2010 was $3.4 million, or $0.07 per share, compared\n to $2.3 million or $0.05 per share in the similar nine months of ...