Corillian Reports WiderLosses

April 01, 2006, 1:00 a.m. EST 1 Min Read

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PORTLAND, Ore - (05/01/06) Corillian Corp. reported Fridaythat first quarter losses increased to $971,000, or two cents ashare, from $39,000, or zero cents a share, for the same quarterlast year. First quarter revenues rose almost 4% to $14.3 million.First quarter losses include $560,000 related to thecompanys adoption of Financial Accounting Statement 123accounting for employee stock compensation. First quarterhighlights included the signing of six new contracts for thecompanys new online authentication system.

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