Phonetime Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2012. For the quarter, the company reported revenue of $24.542 million against $30.496 million a year ago. Income before income taxes and discontinued operations was $0.185 million against $0.093 million a year ago. Net income and comprehensive income for the period was $0.280 million against $0.192 million a year ago. For the six months, the company reported revenue of $48.185 million against $60.291 million a year ago. Income before income taxes and discontinued operations was $0.410 million against $1.253 million a year ago. Net income and comprehensive income for the period was $0.600 million against $1.452 million a year ago. The company is executing on business plan, and expects to remain profitable for the year of 2012.