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Optibase Reports Q4 EPS of $.05


Optibase Ltd. (NASDAQ: OBAS) today announced financial results for the fourth quarter ended December 31, 2010.

Revenues from fixed income real estate totaled $447,000 for the quarter ended December 31, 2010, compared with $400,000 for the previous quarter. Net loss for the quarter ended December 31, 2010 was $806,000 or $0.05 per basic and fully diluted share, compared with a net income of $5.9 million or $0.36 per basic and diluted share for the third quarter of 2010.

This quarter results include $600,000 of other loss from the impairment of the Company's investment in Mobixell Networks.

Posted-In: Earnings News


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