NeoMedia Technologies Inc. announced earnings results for the second quarter and first half of fiscal year 2013. The company generated $1.67 million in revenues for the quarter. The company's revenue increased by approximately 262% from the second quarter of 2012 due to the continued adoption of its barcode scanning app, NeoReader(R), its barcode management platform, NeoSphere(TM) and self service QR creation platform QodeScan(TM), and its new license agreements. The company reported a net loss of $21.28 million. The company reported operating income of $514,000 for the quarter.

For the first half, the company generated $2.27 million in revenues. The company had an operating income of $6,000 against a net loss for the same period last year of $1.8 million. The company believes that this growth is a direct result of the growing market for and interest in QR codes as well as the company's ability to re-align its operations and business strategy to meet the changing needs of today's digital marketer and mobile application developer.