03:58 PM EST - Sirit Inc. : announced that its fourth-quarter net income was $2.12 million, compared to a net loss of $835,000 in the year-ago quarter. Excluding the future income tax adjustment, the net loss for the quarter was $1.0 million, compared to a net loss of $800,000 in the last quarter of 2007. Operating loss for the quarter has been reduced by $200,000 to $1.0 million, compared to $1.2 million from the fourth quarter of 2007. Revenue for the quarter was $6.3 million, compared to $5.4 million in the fourth quarter of 2007. Sirit Inc.
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