Helios and Matheson Expects to Report $105,000 in Net Income for Q3 2013

Helios and Matheson Expects to Report $105,000 in Net Income for Q3 2013

Revenue Increases by 11% in the Nine Months of 2013 as Compared to 2012

NEW YORK, Oct. 28, 2013 (GLOBE NEWSWIRE) -- Helios and Matheson Analytics Inc.
(the "Company") (Nasdaq:HMNY), a 30 year old organization focused on the
banking, financial services, insurance and healthcare sectors, is providing
the following preliminary (unaudited) information regarding the results of its
operations for the third quarter of the year ended September 30, 2013:

Revenue for Q3-2013 is expected to be comparable with Q3-2012 at about $3.4
million. Net income during Q3-2013 is expected to be at $105,000 as compared
to $143,000 during Q3-2012. Revenue for nine months ending September 30, 2013
is expected to be at about $10 million as compared to $9 million for the nine
months ending September 30, 2012. Net income is expected to be at about
$313,000 or $0.13 per basic and diluted share (EPS) for the nine months ending
September 30, 2013 as compared to $258,000 or $0.11 per basic and diluted
share (EPS) for nine months ending September 30, 2012.

The Company continues to be debt free. The Company expects to close the third
quarter of 2013 with total assets of $5.5 million and total liabilities of
$1.2 million. Below is the summary of selected financial data:

                            Three Months Ended      Nine Months Ended       
(In 000s except per share    09/30/13    09/30/12    09/30/13    09/30/12
amounts)
                            (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenue                      $3,416    $3,404    $10,059   $9,044
Gross Profit                 $669      $750      $2,132    $2,091
Income from operations       $94       $146      $307      $350
Net Income                   $105      $143      $313      $258
Earnings per basic and       $0.05     $0.06     $0.13     $0.11
diluted share

The Company expects that gross margin will be at 20% for the third quarter of
2013 as compared to 22% in the third quarter of 2012, The decrease in gross
margin resulted from a change in revenue mix due to relatively lower share of
revenue from high margin RPO (Recruitment Process Outsourcing) services.
Operating expenses are expected to be $575,000 in the third quarter of 2013,
which is a decrease of 5% from the third quarter of 2012.

About Helios and Matheson Analytics Inc

Helios and Matheson Analytics Inc is a 30 year old organization focused on the
banking, financial services, insurance and healthcare sectors. Its common
stock is traded on the Nasdaq Global Market under the ticker symbol "HMNY".

Forward Looking Statements

This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements regarding our
expected future financial position, results of operations, cash flows,
financing plans, business strategy, products and services, competitive
positions, growth opportunities, plans and objectives of management for future
operations, as well as statements that include words such as "anticipate,"
"if," "believe," "plan," "estimate," "expect," "intend," "may," "could,"
"should," and other similar expressions are forward-looking statements. All
forward-looking statements involve risks, uncertainties and contingencies,
many of which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from anticipated results,
performance, or achievements. Factors that may cause actual results to differ
materially from those in the forward-looking statements include those set
forth in the Helios and Matheson Analytics Inc. Annual Report on Form 10-K for
the year ended December 31, 2012 and more recent reports filed with the SEC.
Helios and Matheson Analytics Inc. is under no obligation (and expressly
disclaims any such obligation) to update or alter such forward-looking
statements, whether as a result of new information, future events or
otherwise.

HELIOS AND MATHESON ANALYTICS INC.
CONSOLIDATED STATEMENT OF INCOME AND COMPREHENSIVE INCOME
                                                               
                              Three Months Ended      Nine Months Ended
                               September 30,           September 30,
                              2013        2012        2013        2012
                              (unaudited) (unaudited) (unaudited) (unaudited)
                                                               
Revenues                       $3,416,301  $3,404,099  $10,058,680 $9,043,693
Cost of revenues               2,747,232   2,654,423   7,926,724   6,952,427
Gross profit                   669,069     749,676     2,131,956   2,091,266
Operating expenses:                                             
Selling, general &             572,420     600,618     1,817,360   1,729,155
administrative
Depreciation & amortization    2,641       2,703       7,605       12,022
                              575,061     603,321     1,824,965   1,741,177
Income from operations         94,008      146,355     306,991     350,089
Other income(expense):                                          
Early lease termination fee    -         -         -         (82,548)
Interest income-net            538         2,414       1,978       8,510
                              538         2,414       1,978       (74,038)
Income before income taxes     94,546      148,769     308,969     276,051
Provision for income taxes     (10,446)    6,000       (4,446)     18,000
Net income                     104,992     142,769     313,415     258,051
Other comprehensive
income/(loss) - foreign        (17,220)    5,526       (31,323)    (2,264)
currency adjustment
Comprehensive income           $87,772     $148,295    $282,092    $255,787
                                                               
                                                               
Basic and diluted income per   $0.05       $0.06       $0.13       $0.11
share
Dividend Per share             $-        $-        $0.09       $-


HELIOS AND MATHESON ANALYTICS INC.
CONSOLIDATED BALANCE SHEETS
                                                                
                                                                
                                                   September 30, December 31,
                                                    2013          2012
ASSETS                                              (unaudited)   
Current Assets:                                                  
Cash and cash equivalents                           $1,075,842    $2,861,733
Accounts receivable- less allowance for doubtful
accounts of $45,586 at September 30, 2013, and      2,081,149     1,257,488
$32,421 at December 31, 2012
Unbilled receivables                                55,036        21,490
Prepaid expenses and other current assets           170,713       130,571
Total current assets                               3,382,740     4,271,282
Property and equipment, net                         50,984        52,717
Security Deposit                                    2,000,000     1,000,000
Deposits and other assets                           78,520        100,032
Total assets                                       $5,512,244    $5,424,031
                                                                
LIABILITIES AND SHAREHOLDERS' EQUITY                             
Current Liabilities:                                             
Accounts payable and accrued expenses               $1,187,106    $1,171,249
Total current liabilities                          1,187,106     1,171,249
Shareholders' equity:                                            
Preferred stock, $.01 par value; 2,000,000 shares
authorized; no shares issued and outstanding as of  -           -
September 30, 2013, and December 31, 2012
Common stock, $.01 par value; 30,000,000 shares
authorized; 2,330,438 issued and outstanding as of  23,304        23,304
September 30, 2013 and December 31, 2012
Paid-in capital                                     37,855,740    37,855,740
Accumulated other comprehensive loss - foreign      (78,233)      (46,910)
currency translation
Accumulated deficit                                 (33,475,673)  (33,579,352)
Total shareholders' equity                          4,325,138     4,252,782
Total liabilities and shareholders' equity          $5,512,244    $5,424,031


HELIOS AND MATHESON ANALYTICS INC.
CONSOLIDATED STATEMENT OF CASH FLOWS
                                                             
                                                             
                                              Nine Months Ended September 30,
                                              2013            2012
                                              (unaudited)     (unaudited)
Cash flows from operating activities:                         
Net income                                     $313,415        $258,051
Adjustments to reconcile net income to net                    
cash
provided/(used) in operating activities, net of acquired       
assets:
Depreciation and amortization                  7,605           12,022
Provision for doubtful accounts                13,165          (6,118)
Gain on sale of Fixed Asset                    (250)           (2,488)
Changes in operating assets and liabilities:                  
Accounts receivable                            (836,826)       (401,491)
Unbilled receivables                           (33,546)        12,008
Prepaid expenses and other assets              (40,142)        (89,884)
Accounts payable and accrued expenses          15,860          238,413
Security Deposits                              (1,000,000)     -
Deposits                                       21,512          42,641
Net cash (used in)/provided by operating       (1,539,207)     63,154
activities
Cash flows from investing activities:                         
Purchase of Property and Equipment             (5,622)         (43,062)
Net cash used in investing activities          (5,622)         (43,062)
Cash flows from financing activities:                         
Dividend Paid                                  (209,739)       -
Net cash used in financing activities          (209,739)       -
Effect of foreign currency exchange rate       (31,323)        (2,264)
changes on cash and cash equivalents
Net (decrease)/increase in cash and cash       (1,785,891)     17,828
equivalents
Cash and cash equivalents at beginning of      2,861,733       1,998,158
period
Cash and cash equivalents at end of period     $1,075,842      $2,015,986
                                                             
Supplemental disclosure of cash flow                          
information:
Cash paid during the period for income taxes - $5,009          $5,936
net of refunds

CONTACT: Umesh Ahuja
         703 691 0400 Ext 1046
         uahuja@hmny.com