Image Metrics, Inc. announced unaudited earnings results for the nine months ended June 30, 2012. Revenue totaled $2.3 million for the nine months ended June 30, 2012, compared with $6.9 million in the same period of the prior year. The decline in revenue is primarily attributable to the reduction of revenue derived from the Company's previously customer, Take-Two Interactive.

Revenues in the nine-month period ended June 30, 2012, included $1.2 million from the sale of a patent. Net income was $1.6 million for the nine months ended June 30, 2012, compared with net income of $2.0 million in the same period of the prior year. Lower revenue was offset by other income of $4.9 million, which was principally comprised of gains recognized on the license of rights to its Faceware technology and other intellectual property to former holders of its secured debt.