March 13. 2012 2:00AM - Last modified: March 15. 2012 12:11PM

IMS posts profit for the year

  
New Berlin-based International Monetary Systems Ltd. today filed its annual report, showing net income for the year of $172,185, or 2 cents per share, which was an improvement from a loss of $490,133, or 4 cents per share, in the previous year.


The company's annual gross revenue dipped slightly to $13.5 million from $14.2 million.
Throughout the year, the company continued to significantly improve its new TNT barter software, which allows for enhanced sales, operating and reporting efficiencies.

The company's stock generally traded in a higher range in 2011 than in 2010, hitting a new 52-week high of $3.34 per share.

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