Exchange rate hurts MOSAID bottom line

Mosaid-logo-98X64.JPGOTTAWA – Patent licencer MOSAID posts Q4 revenue of $18 million, up 6% from $17 million in the corresponding period in 2008. Net income of $5.6 million is up 4% over last year’s Q4 net income of $5.4 million. For the year, revenue of $62.5 million surpassed 2008 revenue of $55.1 million by 14%. Net income, however, was down to $5.8 million from $18.5 million in fiscal 2008, due primarily to a negative swing of $10 million in foreign exchange rates. Click here for complete details.

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