Life Quotes, Inc. (QUOT) Reports Profit for 2009
Life Quotes, Inc. reported a profit of $14.2 million, or $2.09 per diluted share, for year 2009. This was an improvement from the $1.0 million, or $0.14 per share, in 2008. Revenues in 2009 came in at $14.65 million, down from the $15.66 million reported in 2008. The strong net income in 2009 was boosted by a onetime gain of $15.6 million from the sale of the company’s Insure.com brand name, and other trademarks and intellectual property associated with Insure.com. Excluding the onetime gain, Life Quotes, Inc. reported a loss of $136,000. Robert Bland, the CEO of Life Quotes, Inc.…