NeoMedia Technologies, Inc (NEOM)

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Revenues. Revenues for the three months ended June 2011 and 2010, respectively, were $767,000 and $221,000, an increase of $546,000, or 247%. Revenues for the six months ended June 2011 and 2010, respectively were $1.1 million and $576,000, an increase of $560,000 or 97%. Our revenues and product mix have changed as a result of changes in our operations and business strategy. For the three months ended June 2011 and 2010, respectively, our Barcode Reader product sales were $292,000 and $22,000, an increase of $270,000 or 1,227%, as a result of increased demand for these products and services. Barcode Reader product sales for the six months ended June 2011 and 2010, respectively, were $342,000 and $68,000, an increase of $274,000, or 403%. For the three months ended June 2011 and 2010, respectively, our Barcode Management & Infrastructure revenue was $52,000 and $5,000, respectively, an increase of $47,000 or 940%. Barcode Management & Infrastructure revenue was $88,000 and $11,000 during the six months ended June 2011 and 2010, respectively, an increase of $77,000 or 700%. We are focusing additional sales resources on this category in response to important opportunities with both agencies and brands in the U.S. and Europe. Revenues related to patent licensing agreements were $270,000 and $165,000 during the three months ended June 2011 and 2010, respectively, as a result of licensing agreements we entered into in 2009, 2010 and 2011. Revenues related to patent licensing agreements were $512,000 and $330,000 during the six months ended June 2011 and 2010, respectively. We continue to expect our revenues to change as we focus of our efforts toward patent licensing, and the barcode ecosystem. We believe this focus will deliver the most value in the future. For the three months ended June 2011 and 2010, respectively, our hardware product sales were $25,000 and $28,000, a decrease of $3,000 or 11%. For the six months ended June 2011 and 2010, respectively, hardware product sales were $34,000 and $162,000, a decrease of $128,000 or 79%. Our hardware products tend to be sold in large transactions and revenues can fluctuate significantly from period to period.


Read more: http://www.faqs.org/sec-filings/110812/NEOMEDIA-TECHNOLOGIES-INC_10-Q/#ixzz1UrSBHvB6