Hooper Holmes HH today announced financial results for the fourth quarter ended December 31, 2010.
Consolidated revenues totaled $43.4 million for the fourth quarter of 2010, representing a 4% revenue decline from $45.0 million in the fourth quarter of 2009. The Company recorded net income of $2.2 million for the fourth quarter of 2010, or $0.03 per diluted share, compared to net income of $3.0 million, or $0.04 per diluted share, in the fourth quarter of 2009.
The fourth quarter of 2009 included a federal tax benefit of $1.5 million pertaining to the utilization of fully reserved net operating losses, pursuant to the Business Assistance Act signed into law in the fourth quarter of 2009.
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