Yes, Diversinet’s  partner AllOne Mobile Corporation sell apps for free.

But Mobile security solutions provider Diversinet recently released its third quarter financial statements and  the company announced more than $1.6 million in revenues.

“We are pleased with our progress during the quarter, as we continued to develop our suite of products and protect our intellectual property by adding to our portfolio of patents,” said Albert Wahbe, Diversinet’s Chairman and CEO. “Our financial position remains strong, with over $12 million in cash and no debt on our balance sheet.”

Q3 2009 Financial Highlights

Revenues for the third quarter increased 9% to $1,949,000, from $1,784,000 in the same period a year ago. Revenues for the nine months ended September 30, 2009 were $5,904,000, up 119% from $2,690,000 in the same period in 2008. The Q3 2009 revenues include $1,625,000 from the license and revenue share agreement with AllOne Mobile Corporation (”AllOne”) signed in Q3 2008.

Read more: link(company press-release)