Innovaro, Inc. Reports FY 2010 Revenue of $13.1M

Innovaro, Inc. INV, today announced financial results for the fiscal year ended December 31, 2010. Revenue was $13.1 million for the year ended December 31, 2010 as compared to $10.8 million for the year ended December 31, 2009. Net loss from operations was $19.1 million for the year ended December 31, 2010 and $10.0 million for the year ended December 31, 2009. The net loss from operations for the year ended December 31, 2010 included $1.6 million in non-cash losses on investments; $11.8 million in non-cash impairment charges; and $2.1 million in non-cash depreciation, amortization and stock compensation expense.