NeoMedia Technologies Inc. reported earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company's revenue increased by approximately 136% from the same prior year quarter due to the continued adoption and success of its barcode scanning app, NeoReader(R), its barcode management platform, QodeScan(R), and its IP licensing program. Operating income was $440,000 as compared to a $579,000 operating loss in the same prior year quarter. Overall net loss was $26.2 million compared to net income of $19.5 million in the same prior year quarter, reflecting losses related to the application of financial instrument fair value accounting and certain other non-operational results.

For the nine months, the company has increased revenue to $3.9 million and generated an operating income to $622,000 compared to revenue of $1.9 million and an operating loss of $2.3 million in the same prior year period. Overall net loss during the nine months ended September 30, 2013 and 2012 of $47.5 million and $21.9 million, respectively, including other operating losses of $48.2 million and $19.6 million, respectively, primarily due to the application of financial instrument fair value accounting, which does not reflect the company's operational performance.