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INX Inc. (NASDAQ:INXI) announced financial results for its third quarter ended September 30, 2011. For the quarter ended September 30, 2011 compared to the same period in the prior year: Total revenue increased 16.3% to $98.7 million from $84.9 million. Product revenue increased 14.4% to $84.7 million from $74.0 million, with gross profit margin on product revenue decreasing to 19.4% compared to 22.5%. Service revenue increased 29.0% to $14.0 million from $10.9 million, with gross profit margin on service revenue increasing to 24.8% compared to 22.8%. Gross profit on total revenue increased 4.0% to $19.9 million compared to $19.2 million. Gross profit margin on total revenue decreased to 20.2% compared to 22.6%. Operating income was $1.2 million compared to $1.8 million.
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(INXI, INSP, GPS, GBLHF) Stock in Review by Stock-PR.com
November 21st, 2011 at 11:02 am