Folsom’s Internet Patents Corp. reports annual loss

Published: Friday, Feb. 28, 2014 - 10:52 am

Folsom-based Internet Patents Corp., formerly InsWeb Corp., reported a loss of $2.66 million, or 34 cents per share, for all of 2013.

That was a slight improvement from a reported loss of $2.72 million, or 36 cents a share, in 2012.

The company was able to reduce operating expenses year-over-year, to about $2.7 million last year compared with about $3 million in 2012.

In 2013, the company moved from Rancho Cordova to a smaller headquarters site at 101 Parkshore Drive in Folsom.

The company operates a patent licensing business focused on protecting its e-commerce technologies.

Call The Bee’s Mark Glover, (916) 321-1184.

Read more articles by Mark Glover

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