Helios and Matheson Information Technology Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2012. For the year, the company expects to report a profit of $422,000 or $0.18 per basic and diluted share. The company expects revenue to be $12,369,000, gross profit to be $2,787,000, income from operations to be $506,000.

For the quarter, the company expects to report net earnings of $164,000 or $0.07 per basic and diluted share. The company expects to report revenue of $3.325 million and gross margin will be stable in the range of 21%-22% for the fourth quarter of 2012. The company expects gross profit to be $695,000, income from operations to be $156,000.