New York, NY -- (ReleaseWire) -- 02/11/2013 --Medical Marijuana, Inc. (OTC Pink: MJNA) announced the release of its audited fourth quarter financial statements. The Company earned net income of approximately $3.2 million on record gross revenues of $5.2 million for the quarter ended December 31, 2012. This represents a gross revenue increase of over 1100 percent quarter-over-quarter when compared to revenue of $430,140 for the quarter ended December 31, 2011.
Revenue increased approximately $2.2 million and net income rose by over $2.0 million when compared to the most recent third quarter 2012. Revenues for 2012 totaled $12.38 million and net income was $7.1 million.
Medical Marijuana Inc. operates in the medical marijuana and industrial hemp markets.
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AMR Corporation (OTCQB: AAMRQ) reported January 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.
Consolidated capacity and traffic were 0.2 percent and 1.8 percent higher year-over-year, respectively, resulting in a consolidated load factor of 78.9 percent, an increase of 1.3 points versus the same period last year.
Domestic capacity and traffic were 0.4 percent and 3.0 percent higher year-over-year, respectively, resulting in a domestic load factor of 79.9 percent, 2.0 points higher compared to the same period last year.
AMR Corporation operates in the airline industry. The company, through its principal subsidiary, American Airlines, Inc., provides scheduled jet service to approximately 160 destinations.
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