Real estate marketing and technology company Market Leader announced this week a net income of $1.4 million in the fourth quarter compared with a net loss of $2.9 million in the third quarter; though the net income owes mainly to a $4.8 million income tax benefit in the fourth quarter, the company said.

Revenue from its Vision subscription software platform doubled in the fourth quarter of 2009, compared to the same quarter in 2008, according to the company’s year-end results.

Real estate marketing and technology company Market Leader announced this week a net income of $1.4 million in the fourth quarter compared with a net loss of $2.9 million in the third quarter; though the net income owes mainly to a $4.8 million income tax benefit in the fourth quarter, the company said.

Revenue from its Vision subscription software platform doubled in the fourth quarter of 2009, compared to the same quarter in 2008, according to the company’s year-end results.

Vision’s contact management software made up more than half (52 percent) of the company’s $5.6 million in revenue in the fourth quarter, fulfilling a company goal. Revenue in the fourth quarter dipped a bit compared to the third quarter, when it was $5.8 million.

Declines in the company’s traditional products eclipsed its growth in its Vision platform — the company reported a net loss of $7.4 million for 2009. That figure is down from a $13.1 million net loss in 2008.

"These results represent a significant moderation in the revenue declines that the company has seen since the start of this prolonged industry downturn," the company said in a statement.

2009 revenue totaled $23.9 million, compared with $38.4 million in 2008, and the company’s cash, cash-equivalents and short-term investments totaled $51.4 million at the end of the year, the company said.

***

What’s your opinion? Leave your comments below or send a letter to the editor.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
We are less than 1 week away from Inman Connect! Get your ticket for $99 before prices go up next week.GET YOUR TICKET×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription