Film Roman, the TV animator that’s been negotiating a possible takeover by Indian animation company Pentamedia, said Monday that more work-for-hire projects helped fashion a first-quarter operating profit after a loss in the same period last year.
At the bottom line, Film Roman saw a loss attributable to common stock of $302,193 in the latest quarter. That compared with a year-earlier net loss of $1.2 million.
Excluding a one-time accounting charge, Film Roman reported $61,807 in operating income, compared with $1.2 million in red ink a year earlier.
Revenue at the North Hollywood-based company rose 51% to $19.2 million.
“Our growth in revenues and Film Roman’s operating profit is testament to the hard work and creativity of our staff,” CEO John Hyde said.
Hyde called 2001 a transitional year and confirmed that talks with Pentamedia are continuing.
Film Roman, best known for its work on Fox’s long-running “The Simpsons,” is both an animator for hire and a producer of proprietary TV shows.