© 2017 Elsevier B.V. We have characterized, for the first time, an n-type segmented inverted coaxial point-contact detector. This novel detector technology relies on a large variation in drift time of the majority charge carriers, as well as image and net charges observed on the segments, to achieve a potential γ-ray interaction position resolution of better than 1 mm. However, the intrinsic energy resolution in this detector is poor (more than 20 keV at 1332 keV) because of charge (electron) trapping effects. We propose an algorithm that enables restoration of the resolution to a value of 3.44 ± 0.03 keV at 1332 keV for events with a single interaction. The algorithm is based on a measurement of the azimuthal angle and the electron drift time of a given event; the energy of the event is corrected as a function of these two values.