Information Analysis Inc. (IAIC)

[Renee]

IAIC moved to the Nasdaq from the OTC:

https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes

[meltup]

IAIC at NEW HIGH--IAIC traded in the 30's years ago----BIDEN likely to spend $BILLIONS to UPGRADE OLD LEGACY SYSTEMS to prevent CYBER-HACKS---IAIC has special expertise and is likely to to be a major beneficiary imo---ONLY about 11M shs o/s.........

[eom7]

Any idea why the CEO left?

[meltup]

IAIC---Chris Krebs, recent head of U.S. CYBERSECURITY, said on Jake Tapper's State of the Union, that with regard to the recent Russian cyberattack, one of the big problems we have is OLD LEGACY STSTEMS at multiple governmental agencies.......IAIC specializes in adapting legacy systems to modern secure platforms.....IAIC still has a very TINY MARKET CAP with only 11.2M shares oustanding......

[meltup]

IAIC---GOVT was HACKED, and the GOVT agencies need to MODERNIZE their systems immediately----enter IAIC....ONLY 11.3M shs o/s and a TINY MARKET CAP.

[meltup]

IAIC--only 11.3M shs o/s---targeting expansion in CYBER SECURITY

[Zon4Ever]

https://portal.geoinvesting.com/geoarticles/1403/_25_million_contract_resurrects_information_analysis_from_the_dead

[meltup]

IAIC--With only 11.3M shs outstanding, and formerly trading at over $30 in the 1990s, the momentum players could send this soaring imo, as IAIC is predicting "meaningful growth for 2021 and beyond".......

[whytestocks]

Just In: $IAIC Information Analysis Incorporated Returns to Profitability with Momentum

FAIRFAX, Va., Nov. 16, 2020 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (IAIC:OTC MARKETS) today reported results for the three months and nine months ended September 30, 2020. The information technology services company’s 2020 third quarter revenues were $3,923,000, ...

Find out more IAIC - Information Analysis Incorporated Returns to Profitability with Momentum

[meltup]

IAIC predicts "meaningful growth for 2021 and beyond".......

[meltup]

IAIC--10Q today with increased revenues and EPS of $0.02---stock seems very cheap imo because of the good future potential.........

[meltup]

IAIC---Surging revenues and profits seem to be on the way from the $25M contract and other contracts---VERY TINY FLOAT for potential ROBINHOODERS?

[meltup]

IAIC was OVER $30 during Y2K period...ONLY 11.2M shs o/s.....TINY MARKET CAP.....IAIC announced a $25M contract with positive statements regarding additional contracts on the way,,,,,,,,,,

[whytestocks]

News: $IAIC Information Analysis Inc. Reports Improving Results in its Second Quarter

FAIRFAX, Va., Aug. 18, 2020 (GLOBE NEWSWIRE) -- Information Analysis Incorporated (IAIC:OTC PINK) reported on Friday its results for the second quarter and first six months of 2020. For the second quarter of 2020, revenues increased 30% to $4,819,000, compared to second quarter 2019 reve...

Got this from IAIC - Information Analysis Inc. Reports Improving Results in its Second Quarter

[greasemonkeyshoes]

Anyone home?
Hello.........

[stockseekerok]

Hmm looks like the news I see popped up under IAIC but it is for another company I guess

http://www.otcmarkets.com/news/otc-market-headline?id=16560718

looks like my bad on that one for not looking closer

[MikeDDKing]

What news? I can't find any.

[stockseekerok]

IAIC has big news out today

[MikeDDKing]

I was thinking more in terms of a recurring dividend of say $0.01/year rather than a lump sum.

[ghmm]

I agree a dividend would be a nice short-term boost for the stock that they could easily afford. Think the best strategy (for maximizing shareholder value) is for someone to buy them who could utilize the NOL's. Worst strategy would be to burn the cash on some (dumb) acquisition .

[MikeDDKing]

IMO they should be paying a dividend to unlock shareholder value.

I have no IAIC position at this time.

[ghmm]

With the strength/volume in the stock after the bad numbers, my guess is someone has looked closely at their filings and sees a lot of value in them. I was looking over the 10K and in addition to selling below cash the company has a ton of NOL's!

The problem with these value plays is you get crappy management that isn't interested in the shareholders. Never talked with management and since I have a (relatively) small position can't say that I've spent days going over things but there track record certainly isn't the greatest.

My concern would be they do a (dumb) deal they have been mentioning that in filings for some time. Personally they should be looking to cut costs, their margins should be better IMO, and not do acquisitions. Really this company smells of either being a small private company or of being part of a bigger company and they should be for sale. If someone could figure out how to capitalize on the NOL's and basically puts no value on the company (just the cash) a price 2-3x current price is not unreasonable!

[ghmm]

Stock doing pretty good today on nice volume.

If the stock had more liquidity I would probably have added a lot more even at the .19 BID the stock is still pretty cheap IMO.

I still wonder if the company will go private at some point soon.

[MikeDDKing]

Excellent!

[sdy]

19% from insider (Director) purchase
http://ih.advfn.com/p.php?pid=nmona&article=45874260

[MikeDDKing]

Big volume today of 81,500 shares!

[MikeDDKing]

Information Analysis Inc. Reports Third Quarter Profitable Results

November 11, 2010 09:00 AM Eastern Time

FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis Inc. (IAIC:OTCBB) today reported results for its third fiscal quarter ended September 30, 2010. Revenues were $1,952,000 compared to $1,988,000 reported in the third quarter 2009. The information technology services company reported net income of $42,000, or $0.00 per share basic and diluted, compared to net income of $122,000 or $0.01 per share basic and diluted, in the third quarter 2009.

For the nine months ended September 30, 2010, IAI’s revenues were $5,655,000 compared to revenues of $4,787,000 for the same period in 2009. The Company reported net income of $225,000 or $0.02 per share basic and diluted, compared to net income of $66,000, or $0.01 per share basic and diluted, reported for the comparable 2009 period.

“The year to date revenue and profit in comparison to last year increased significantly. Additionally, as a result of our continuing investment in sales and marketing, we have been awarded a number of new contracts in the past few months worth in excess of 2 million dollars,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “There are still a number of bid opportunities outstanding for new business, which should allow our profitability to continue to grow.”

“We continue to pursue merger and acquisition opportunities.”

About Information Analysis Incorporated

Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the internet world.

Additional information for investors

This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-K for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.

Information Analysis Incorporated 
  
 Statements of Operations 
 				  
 		 
  
 Three months ended September 30, 
  
 (in thousands, except per share data; unaudited) 
 		 
  
 2010 
 		 
  
 2009 
 Revenue: 				 
 Professional fees 		$ 	1,293 		$ 	1,302 
 Software sales 		  	659 		  	686 
 Total revenue 			1,952 			1,988 
 Cost of goods sold and services provided: 				 
 Cost of professional fees 			723 			751 
 Cost of software sales 		  	593 		  	580 
 Total cost of sales 		  	1,316 		  	1,331 
 Gross margin 			636 			657 
 Selling, general and administrative expense 		  	596 		  	536 
 Income from operations 			40 			121 
 Other income, net 		  	2 		  	1 
 Income before income taxes 			42 			122 
 Provision for income taxes 		  	-- 		  	-- 
 Net income 		$ 	42 		$ 	122 
 				  
 				  
 Earnings per common share: 				 
 Basic 		$ 	0.00 		$ 	0.01 
 Diluted 		$ 	0.00 		$ 	0.01 
 				  
 Shares used in calculating earnings per share: 				 
 Basic 			11,196,760 			11,196,760 
 Diluted 			11,224,521 			11,208,403 
 				  
 	  		  	 
  
 Information Analysis Incorporated 
  
 Statements of Operations 
 				  
 		Nine months ended September 30, 
  
 (in thousands, except per share data; unaudited) 
 		 
  
 2010 
 		 
  
 2009 
 Revenue: 				 
 Professional fees 		$ 	3,921 		$ 	3,601 
 Software sales 		  	1,734 		  	1,186 
 Total revenue 			5,655 			4,787 
 Cost of goods sold and services provided: 				 
 Cost of professional fees 			2,178 			2,295 
 Cost of software sales 		  	1,475 		  	931 
 Total cost of sales 		  	3,653 		  	3,226 
 Gross margin 			2,002 			1,561 
 Selling, general and administrative expense 		  	1,784 		  	1,503 
 Income from operations 			218 			58 
 Other income, net 		  	7 		  	8 
 Income before income taxes 			225 			66 
 Provision for income taxes 		  	-- 		  	-- 
 Net income 		$ 	225 		$ 	66 
 				  
 Earnings per share: 				 
 Basic 		$ 	0.02 		$ 	0.01 
 Diluted 		$ 	0.02 		$ 	0.01 
 				  
 				  
 Shares used in calculating earnings per share: 				 
 Basic 			11,196,760 			11,196,760 
 Diluted 			11,216,833 			11,207,820 
 				  
 	  		  	 
  
 Information Analysis Incorporated 
  
 Balance Sheets 
 				  
 		As of 		As of 
  
   
 		September 30, 2010 		December 31, 2009 
  
 (in thousands) 
 		 
  
 (unaudited) 
 		 
  
 (audited) 
 ASSETS 				 
 Current assets: 				 
 Cash and cash equivalents 		$ 	1,877 			$ 	1,479 	 
 Accounts receivable, net 			1,667 				940 	 
 Prepaid expenses 			761 				689 	 
 Note receivable 		  	6 			  	-- 	 
 Total current assets 			4,311 				3,108 	 
 				  
 Fixed assets, net 			35 				42 	 
 Note receivable 			13 				-- 	 
 Other assets 		  	6 			  	6 	 
 Total assets 		$ 	4,365 			$ 	3,150 	 
 				  
 				  
 LIABILITIES & STOCKHOLDERS' EQUITY 				 
 Current liabilities: 				 
 Accounts payable 		$ 	732 			$ 	89 	 
 Accrued payroll and related liabilities 			252 				255 	 
 Other accrued liabilities 			621 				307 	 
 Deferred revenues 		  	805 			  	779 	 
 Total current liabilities 		  	2,410 			  	1,430 	 
 				  
  
   
 		 
 Common stock, par value $0.01, 30,000,000 shares authorized; 								 
 12,839,376 shares issued, 11,196,760 outstanding 			128 				128 	 
 Additional paid in capital 			14,564 				14,554 	 
 Accumulated deficit 			(11,807 	) 			(12,032 	) 
 Less treasury stock; 1,642,616 shares at cost 		  	(930 	) 		  	(930 	) 
 Total stockholders' equity 		  	1,955 			  	1,720 	 
 Total liabilities and stockholders' equity 		$ 	4,365 			$ 	3,150 	

Contacts

Information Analysis Inc.
Richard S. DeRose, 703-293-7901

[kismetkid]

article about this company

http://seekingalpha.com/instablog/727411-madai-grandson-of-noah/101259-information-analysis-inc-government-contracts-and-financial-stability

[MikeDDKing]

IAIC Update as of 10/22/2010

I think IAIC represents an outstanding value at $0.18/share. Here is why:

1. In the most recent quarter they made $0.007/share. They are trading at a trailing PE of 5.

2. They have had 6 consecutive YOY improvements in earnings. I the most recent quarterly report they stated: “We have been aggressively pursuing new business opportunities to increase our order backlog, which should improve revenue results, not only for this year but for future years."

3. They have a pristine balance sheet with book value and cash of $0.17/share. With a last trade of $0.18 you basically get the company for free after netting out the value of the cash/share.

I've been accumulating shares including some I purchased today.

[Antisemetic Asshole30]

I posted there nice chart on my blog, link in profile.

[MikeDDKing]

Nice post.

[Antisemetic Asshole30]

INFORMATION ANALYSIS INC. GOVERNMENT CONTRACTS AND FINANCIAL STABILITY

This is not a talked about company among stock pickers, there is no hype around it but it works great in creating value for the smarter few. How come? This is how:
Information Analysis Incorporated (IAI) is in the business of modernizing client information systems, developing and maintaining information technology systems, and performing consulting services to government and commercial organizations. IAI has performed software development and conversion projects for over 100 commercial and government customers including Computer Sciences Corporation, IBM, Computer Associates, MCI, Sprint, Citibank, United States Department of Homeland Security, United States Treasury Department, United States Department of Agriculture, United States Department of Energy, United States Army, United States Air Force, United States Department of Veterans Affairs, and the Federal Deposit Insurance Corporation. The Company primarily applies its technology, services and experience to legacy software migration and modernization for commercial companies and government agencies, and to developing Web-based solutions for agencies of the federal government.
The (IAIC.OB) was founded in 1979 when I was 2 years old and (IBM) was about $15 a share or $25,000,000,000 market cap, about 800% return till today, reinvested dividend return 1750%
Many things have changed since then in IT industry and many will change, that's why IAI is a right choice at the right time. Competition is fierce in Business Software & Services sector, there will be many losers and winners just like in any other market theme but if you have to decide where to invests few pennies in IBM or IAIC, go for less to get more. As you see from the title this is about stability.
Once this stock was worth $300,000,000 today $2,000,000 for the same balance sheet, same amount of shares outstanding, same revenues. Well, it was overvalued back then and somebody lost $298,000,000, on the other hand somebody who buys now will make few millions $ or more. It all depends.

WTFact
Market Cap $2M
Shares Outstanding 11,200,000 (increased by only 1,500,000 shares in 10 years)
P/E 5
Price/Sales 0.26 (yes, they sell 4 times more than current market cap)
Return on Assets and Equity are positive, 9% and 24% (very good managed from any perspective)
Revenue $7.6M
Quarterly Revenue Growth 20%
Profit $2M
EBITDA $422K
EPS $0.04
Quarterly Earnings Growth 1200%
Cash $1.9M (market cap equals cash for info tech stock)
LT Debt $0
Insiders Own up to 20% plus there are other 116 shareholders
Total Assets $3.1M
Total Liabilities $1.4M

Resume: Numbers talk, you walk.


Sleeping for 10 years




http://www.infoa.com/Government_Clients.php

[MikeDDKing]

Information Analysis Inc. Reports Stronger Sales and Profits for the Second Quarter
On Wednesday August 11, 2010, 9:00 am

FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis Inc. (OTCBB: IAIC - News) reported results for the second quarter ended June 30, 2010. Revenues were $1,688,000 compared to $1,404,000 reported in 2009’s second quarter. The Company reported net income of $78,000, or $0.01 per share, compared to net income of $6,000, or $0.00 per share in 2009’s second quarter. IAI had revenue of $3,703000, compared to $2,799,000 reported for six months ending June 30, 2009. Net income for the first six months of fiscal 2010 was $182,000, or $0.02 per share, versus a net loss of $56,000, or ($0.01) per share, in the comparable 2009 period.

“The Company’s revenue and profits continue to show profitable improvement over last year’s results,” Sandor Rosenberg, Chairman and Chief Executive Officer of IAI said. “We have been aggressively pursuing new business opportunities to increase our order backlog, which should improve revenue results, not only for this year but for future years.

“We are actively pursuing the conversion and system modernization business as well as Adobe and Web applications.”

About Information Analysis Incorporated

Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the Internet world.

Additional information for investors

This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. These include the failure to obtain sufficient contracts, and to profitably complete those contracts. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.


Information Analysis Incorporated
Condensed Income Statements

Three months ended June 30, 
 (in thousands, except per share data; unaudited) 
 					 
 2010 
 			 
 2009 
 Sales: 								 
 Professional fees 				 
 $ 
 	 
 1,115 
 		 
 $ 
 	 
 1,198 
 Software sales 				  	573 		  	206 
 Total sales 					1,668 			1,404 
 Cost of goods sold and services provided: 								 
 Cost of professional fees 					665 			748 
 Cost of software sales 				  	460 		  	152 
 Total cost of sales 				  	1,125 		  	900 
 Gross margin 					563 			504 
 Operating expenses: 								 
 Selling, general and administrative 				  	487 		  	500 
 Operating income 					76 			 
 4 
 Other income (expense) 				  	 
 2 
 		  	 
 2 
 Income before income taxes 					78 			 
 6 
 Provision for income taxes 				  	-- 		  	-- 
 Net income 				 
 $ 
 	 
 78 
 		 
 $ 
 	 
 6 
 Comprehensive Income 				 
 $ 
 	 
 78 
 		 
 $ 
 	 
 6 
 								  
 Net income per share: 								 
 Basic and diluted 				 
 $ 
 	 
 0.01 
 		 
 $ 
 	 
 0.00 
 								  
 Shares used in calculating earnings per share: 								 
 Basic 					11,196,760 			11,196,760 
 Diluted 					11,222,863 			11,207,620 
 	  	  	  			  	 
 Information Analysis Incorporated 
 Condensed Income Statements 
 							  
 				 
   
 	 
 Six months ended June 30, 
 (in thousands, except per share data; unaudited) 
 					 
 2010 
 			 
 2009 
 	 
 Sales: 							 
 Professional fees 				 
 $ 
 	 
 2,628 
 		 
 $ 
 	 
 2,299 
 	 
 Software sales 				  	1,075 		  	500 	  
 Total sales 					3,703 			2,799 	 
 Cost of goods sold and services provided: 							 
 Cost of professional fees 					1,456 			1,544 	 
 Cost of software sales 				  	882 		  	351 	  
 Total cost of sales 				  	2,338 		  	1,895 	  
 Gross margin 					1,365 			904 	 
 Operating expenses: 							 
 Selling, general and administrative 				  	1,188 		  	967 	  
 Operating income 					177 			(63 	) 
 Other income (expense) 				  	 
 5 
 		  	 
 7 
 	  
 Income before income taxes 					182 			(56 	) 
 Provision for income taxes 				  	-- 		  	-- 	  
 Net income 				 
 $ 
 	 
 182 
 		 
 $ 
 	 
 (56 
 	 
 ) 
 Comprehensive Income 				 
 $ 
 	 
 182 
 		 
 $ 
 	 
 (56 
 	 
 ) 
 							  
 Net income per share: 							 
 Basic and diluted 				 
 $ 
 	 
 0.02 
 		 
 $ 
 	 
 (0.01 
 	 
 ) 
 							  
 Shares used in calculating earnings per share: 							 
 Basic 					11,196,760 			11,196,760 	 
 Diluted 					11,215,187 			11,196,760 	 
  
 	  		  	  	  	 
 Information Analysis Incorporated 
 Condensed Balance Sheets 
 		 
 As of 
 				 
 As of 
 		 
 June 30, 2010 
 				 
 December 31, 2009 
 		 
 (unaudited) 
 				 
 (audited) 
 ASSETS 						 
 Current assets: 						 
 Cash and cash equivalents 		 
 $ 
 	 
 1,932 
 					 
 $ 
 	 
 1,479 
 	 
 Accounts receivable, net 			850 						940 	 
 Prepaid expenses 		  	540 	  				  	689 	  
 Total current assets 			3,322 						3,108 	 
 						  
 Fixed assets, net 			38 						36 	 
 Other assets 		  	 
 6 
 	  				  	 
 6 
 	  
 Total assets 		 
 $ 
 	 
 3,366 
 	  				 
 $ 
 	 
 3,150 
 	  
 						  
 						  
 LIABILITIES & STOCKHOLDERS' EQUITY 						 
 Current liabilities: 						 
 Accounts payable 		 
 $ 
 	 
 63 
 					 
 $ 
 	 
 89 
 	 
 Deferred revenues 			680 						779 	 
 Accrued payroll and related liabilities 			246 						255 	 
 Other accrued liabilities 		  	467 	  				  	307 	  
 Total liabilities 			1,456 						1,430 	 
 						  
 Common stock, par value $0.01, 30,000,000 shares authorized; 						 
 12,839,376 shares issued, 11,196,760 outstanding at 						 
 June 30, 2010, and at December 31, 2009 			128 						128 	 
 Additional paid in capital 			14,562 						14,554 	 
 Accumulated deficit 			(11,850 	) 					(12,032 	) 
 Accumulated other comprehensive loss 			-- 						-- 	 
 Less treasury stock; 1,642,616 shares at cost at 						 
 June 30, 2010, and at December 31, 2009 		  	(930 	) 				  	(930 	) 
 Total stockholders' equity 		  	1,910 	  				  	1,720 	  
 Total liabilities and stockholders' equity 		 
 $ 
 	 
 3,366 
 	  				 
 $ 
 	 
 3,150 

Contact:

Information Analysis Inc.
Richard S. DeRose, 703-293-7901

[MikeDDKing]

IAIC is in with a nice quarterly report. They earned $0.01/share. Book value is now $0.17/share with cash of $0.17/share. I'll post the PR shortly.

[MikeDDKing]

Information Analysis, Inc. Reports Increased Sales and Profits for First Quarter
On Thursday May 13, 2010, 9:00 am

FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis, Inc. (OTCBB:IAIC - News) today reported results for the first fiscal quarter ended March 31, 2010. Revenues were $2,016,000, compared to $1,394,000 reported in 2009’s first quarter. The Company reported net income of $104,000, or $0.01 per share, compared to a net loss of $62,000, or $(0.01) per share, in the first quarter 2009.

“The Company’s revenue and profits have improved in the first quarter in comparison to the first quarter of 2009,” Sandor Rosenberg, Chairman and Chief Executive Officer of IAI said. “We have been aggressively pursuing new business opportunities to increase our order backlog, which should improve revenue results, not only for this year but for future years.

“We are actively pursuing the conversion and system modernization business as well as Adobe and Web applications.”

About Information Analysis Incorporated

Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the Internet world.

Additional information for investors

This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-KSB for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.

Information Analysis Incorporated 
 Condensed Income Statements 
   
 	  	Three months ended March 31, 
 (in thousands, except per share data; unaudited) 
 			 
 2010 
 	  		 
 2009 
 Net revenue: 				 
 Professional fees 		$ 	1,513 		$ 	1,101 
 Software sales 		  	502 		  	293 
 Total revenue 			2,015 			1,394 
 Cost of goods sold and services provided: 				 
 Cost of professional fees 			790 			796 
 Cost of software sales 		  	422 		  	198 
 Total cost of sales 		  	1,212 		  	994 
 Gross margin 			803 			400 
 Operating expenses: 				 
 Selling, general and administrative 		  	701 		  	466 
 Operating income (loss) 			102 			(66) 
 Other income 		2 		4 
 Income loss before income taxes 			104 			(62) 
 Provision for income taxes 		  	-- 		  	-- 
 Net income (loss) 		$ 	104 		$ 	(62) 
 Net income (loss) per share: 				 
 Basic 		$ 	0.01 		$ 	(0.01) 
 Diluted 		$ 	0.01 		$ 	(0.01) 
 Shares used in calculating earnings per share: 				 
 Basic 			11,196,760 			11,196,760 
 Diluted 			11,202,893 			11,196,760 
 						  
 	  		  	 
 Information Analysis Incorporated 
 Balance Sheets 
   
 		 
 As of: 
 March 31, 2010 
 		 
 As of: 
 December 31, 2009 
 (in thousands, unaudited) 
 				 
 ASSETS 				 
 Current assets: 				 
 Cash and cash equivalents 		$ 	1,379 		$ 	1,479 
 Accounts receivable, net 			1,794 			940 
 Prepaid expenses 		  	939 		  	689 
 Total current assets 			4,112 			3,108 
   
 Fixed assets, net 			36 			36 
 Other assets 		6 		6 
 Total assets 		$ 	4,154 		$ 	3,150 
   
 LIABILITIES & STOCKHOLDERS' EQUITY 				 
 Current liabilities: 				 
 Accounts payable 		$ 	505 		$ 	89 
 Deferred revenue 			1,114 			779 
 Other accrued liabilities 			448 			307 
 Accrued payroll and related liabilities 		  	257 		  	255 
 Total liabilities 		  	2,324 		  	1,430 
   
 Common stock, par value $0.01, 30,000,000 shares authorized; 12,839,376 shares issued, 11,196,760 outstanding 			128 			128 
 Additional paid-in capital 			14,560 			14,554 
 Accumulated deficit 			(11,928) 			(12,032) 
 Less treasury stock; 1,642,616 shares at cost 		  	(930) 		  	(930) 
 Total stockholders' equity 		  	1,830 		  	1,720 
 Total liabilities and stockholders' equity 		$ 	4,154 		$ 	3,150 

Contact:

Information Analysis, Inc.
Richard S. DeRose, 703-293-7901

[swampboots]

IAIC want more before it hits the floor.

[MikeDDKing]

I thought the results were really good. They made $0.009/share for Q4. If you annualize that number they are trading at a PE of only 5. The results were roughly the same as Q3 so they are consistently profitable now. They have a rock solid balance sheet with $0.132 of cash. Finally, they gave a positive outlook.

Considering all of the above I was a buyer. I think IAIC could run to $0.30+ with the current fundamentals and more is possible if results improve.

[nsomniyak]

Mike - what is your interpretation of the IAIC results? Seems positive but not spectacular to me.

[MikeDDKing]

Information Analysis Inc. Reports Profitable Results for 2009
On Tuesday March 30, 2010, 9:00 am

FAIRFAX, Va.--(BUSINESS WIRE)--Information Analysis Inc. (IAIC:OTCBB) today reported results for its fourth fiscal quarter ended December 31, 2009. Revenues were $1,924,000, compared to $1,651,000 reported in the fourth quarter 2008. The information technology services company reported net income of $98,000, or $0.01 per share basic and diluted, compared to a net loss of $102,000 or ($0.01) per share basic and diluted, in the fourth quarter 2008.

For the year ended December 31, 2009, IAI’s revenues were $6,711,000, compared to revenues of $6,693,000 for the same period in 2008. The Company reported net income of $164,000, or $0.01 per share basic and diluted, compared to a net loss of $372,000, or ($0.03) per share basic and diluted, reported for the comparable 2008 period.

“The Company increased revenue and profit in the fourth quarter and for the year in comparison to last year’s results. Additionally, as a result of increased sales efforts, our proposal volume has been steadily climbing,” said Sandor Rosenberg, Chairman and Chief Executive Officer of IAI. “We expect to turn this effort into better results for 2010.”

“We continue to pursue merger and acquisition opportunities.”

About Information Analysis Incorporated

Information Analysis Incorporated (www.infoa.com), headquartered in Fairfax, Virginia, is an information technology services company. The Company is a web solution provider and software conversion specialist, modernizing legacy systems and extending their reach to the internet world.

Additional information for investors

This release may contain forward-looking statements regarding the Company's business, customer prospects, or other factors that may affect future earnings or financial results. Such statements involve risks and uncertainties which could cause actual results to vary materially from those expressed in the forward-looking statements. Investors should read and understand the risk factors detailed in the Company's 10-K for the fiscal year ended December 31, 2009 and in other filings with the Securities and Exchange Commission.

Information Analysis Incorporated  
 Statements of Operations  
    
   Three months ended December 31,  
 (in thousands, except per share data; unaudited) 2009   2008  
 Revenue:  
 Professional fees $ 1,337 $ 857  
 Software sales   587   794    
 Total revenue 1,924 1,651  
 Cost of goods sold and services provided:  
 Cost of professional fees 806 642  
 Cost of software sales   523   667    
 Total cost of sales   1,329   1,309    
 Gross margin 595 342  
 Selling, general and administrative expense   499   450    
 Income (loss) from operations 96 (108 )  
 Other income, net   2   6    
 Income (loss) before income taxes 98 (102 )  
 Provision for income taxes   --   --    
 Net income (loss) $ 98 $ (102 )  
    
    
 Earnings (loss) per common share:  
 Basic $ 0.01 $ (0.01 )  
 Diluted $ 0.01 $ (0.01 )  
    
 Shares used in calculating earnings per share:  
 Basic 11,196,760 11,196,760  
 Diluted 11,209,026 11,196,760  
    
 Information Analysis Incorporated  
 Statements of Operations  
    
   Year ended December 31,  
 (in thousands, except per share data; audited) 2009   2008  
 Revenue:  
 Professional fees $ 4,938 $ 4,950  
 Software sales   1,773   1,743    
 Total revenue 6,711 6,693  
 Cost of goods sold and services provided:  
 Cost of professional fees 3,102 3,669  
 Cost of software sales   1,453   1,348    
 Total cost of sales   4,555   5,017    
 Gross margin 2,156 1,676  
 Selling, general and administrative expense   2,002   2,069    
 Income (loss) from operations 154 (393 )  
 Other income, net   10   21    
 Income (loss) before income taxes 164 (372 )  
 Provision for income taxes   --   --    
 Net income (loss) $ 164 $ (372 )  
    
 Earnings per share:  
 Basic $ 0.01 $ (0.03 )  
 Diluted $ 0.01 $ (0.03 )  
    
 Shares used in calculating earnings per share:  
 Basic 11,196,760 11,196,760  
 Diluted 11,207,905 11,196,760  
    
 Information Analysis Incorporated  
 Balance Sheets  
      
 As of 
 December 31, 2008 As of 
 December 31, 2009  
 (in thousands) (audited) (audited)  
 ASSETS  
 Current assets:  
 Cash and cash equivalents $ 1,479 $ 1,549  
 Accounts receivable, net 940 1,122  
 Prepaid expenses 689 470  
 Other assets   -     1    
 Total current assets 3,108 3,142  
    
 Fixed assets, net 36 56  
 Other assets   6     6    
 Total assets $ 3,150   $ 3,204    
    
    
 LIABILITIES & STOCKHOLDERS' EQUITY  
 Current liabilities:  
 Accounts payable $ 89 $ 802  
 Deferred revenues 779 603  
 Other accrued liabilities 307 31  
 Accrued payroll and related liabilities 255 214  
 Income taxes payable   --     2    
 Total liabilities   1,430     1,652    
    
 Common stock, par value $0.01, 30,000,000 shares authorized;  
 12,839,376 shares issued, 11,196,760 outstanding 128 128  
 Additional paid in capital 14,554 14,550  
 Accumulated deficit (12,032 ) (12,196 )  
 Less treasury stock; 1,642,616 shares at cost   (930 )   (930 )  
 Total stockholders' equity   1,720     1,552    
 Total liabilities and stockholders' equity $ 3,150   $ 3,204 

Contact:

Information Analysis Inc.
Richard S. DeRose, 703-293-7901

[nsomniyak]

I think they should change their symbol to "IYAK" to avoid confusion :)

That would be an easy symbol for me to rememer :)

[Rawnoc]

Only thing I can tell is that the PRs are littered with "IAC" which makes it come up on IAIC I guess.

[MikeDDKing]

PR's from Alion have been coming up as PR's for IAIC for a while. It has confused many people. I have never figured out why this is happening.

[Rawnoc]

Oops, thanks...it came up on my IAIC alert and I pasted it before I read it. Weird that it was listed as IAIC news.

[MikeDDKing]

That is not IAIC.

[Rawnoc]

Alion Receives a $1.9M Air Force Task Order to Improve Inspection Methods and
Tools for Flight-Critical Structures

Technology Solutions Company to Evaluate Non-Destructive Inspections, Recommend
Enhancements, and Develop Tools to Ensure Fleet-Wide Safety

MCLEAN, Va., Jan 06, 2010 (BUSINESS WIRE) -- The U.S. Air Force awarded Alion
Science and Technology, an employee-owned technology solutions company, a task
order valued at $1.9 million to enhance the safety of flight-critical airframe
structures. To support the Air Force's efforts to modernize, the program will
focus on improving non-destructive inspection (NDI) methods used to evaluate the
integrity of fielded aircraft structures. NDI is employed to identify defects in
materials and structures under various conditions without harming the component's
integrity during the inspection process.

The NDI Improvement Program Phase II task order was awarded under the Advanced
Materials, Manufacturing and Testing Information Analysis Center (AMMTIAC)
contract. On this task order, Alion will evaluate more than 125 inspections and
recommend improvements to current NDI procedures. Additionally, Alion will
develop new inspection tools and validate their performance through a probability
of detection study. The study will determine the likelihood of finding defects,
such as cracks, and will help accelerate the transition of new technology and
inspection equipment.

This award follows Alion's independent audit of NDI procedures on flight-critical
structures across the Air Force fleet. During this previous effort Alion
recommended improvements to more than 90 NDI procedures and developed two new NDI
tool kits with more than 20 new NDI probes.

"Alion's non-destructive inspection expertise, experience and procedure audits
will help the Air Force enhance its inspectors' abilities to more reliably detect
structural defects. This in-turn will improve safety fleet-wide," said Chris
Amos, Alion Senior Vice President and Manager of the Technology Solutions Group.
"Alion's subject matter experts will support the development and validation of
new NDI technology, such as probes and tool kits, which will lead to modernizing
the Air Force's inspection procedures and tools."

Sponsored by the Defense Technical Information Center (DTIC), AMMTIAC is a
Department of Defense Information Analysis Center (IAC) operated by Alion.
AMMTIAC is responsible for acquiring, archiving, analyzing, synthesizing and
disseminating scientific and technical information related to advanced materials,
manufacturing and testing. As one of 10 IACs, AMMTIAC meets the needs of the
warfighter as well as those of the greater advanced materials, manufacturing and
testing community by providing comprehensive support to the nation's defense
systems and infrastructure across the entire life-cycle.

Alion has partnered with Texas Research Institute and UniWest on this new task
order that runs through December 20, 2010. The work is sponsored by the USAF NDI
Program Office, ATTN: AFRL/RXS-OL, Bldg 3220, Room 112, 4750 Staff Drive, Tinker
AFB, OK 73145.

About Alion Science and Technology

Alion Science and Technology (pronounced: ah-LYE-un) is an employee-owned
technology solutions company delivering technical expertise and operational
support to the Department of Defense, civilian government agencies and commercial
customers. Building on 70 years of R&D and engineering experience, Alion brings
innovation and insight to multiple business areas: defense operations; modeling &
simulation; wireless communication; industrial technology; chemical, biological,
nuclear & environmental sciences; information technology; and naval architecture
and marine engineering. Based in McLean, Va., Alion has employee-owners at major
offices, customer sites and laboratories worldwide. For more information, call
877.771.6252 or visit Alion online at http://www.alionscience.com.

This press release contains information about management's view of Alion's future
expectations, plans and prospects that constitute forward-looking statements for
purposes of the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Actual results may differ materially from those indicated by
these forward-looking statements as a result of a variety of risk factors and
uncertainties discussed in documents periodically filed by Alion with the SEC.
Due to such uncertainties and risks, readers are cautioned not to place undue
reliance on such forward-looking statements, which speak only as of the date
hereof.

SOURCE: Alion Science and Technology

Alion Science and Technology
Peter J. Jacobs, 703-269-3473
[e-mail]


Copyright Business Wire 2010

[MikeDDKing]

Yes!

[True Blue]

Cheap!

[MikeDDKing]

That is correct. As of November 13, 2009 there were 11,196,760 shares outstanding. At a share price of $0.19 the market cap is $2.1M.

[True Blue]

Is my Ameritrade right? OS is 11.2 and the company only has a market cap of 2.1 mil?

[MikeDDKing]

IAIC is a a SwingTrade Favorite and a part of the SwingTrade Portfolio:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44031912

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44031269