Losses Widen At InteliData

November 05, 2004, 1:00 a.m. EST 1 Min Read

RESTON, Va. - (11/05/04) -- E-bill services provider InteliDataTechnologies Corp. said its third quarter losses rose to $1.4million, or three cents a share, more than double the $570,000 inlosses for last year's third quarter. Third quarter revenuesdeclined 24% to $3.6 million. As a result, revenues for the firstthree quarters fell 33% to $10.9 million, while losses climbed to$30.7 million, or 60 cents a share. The company said it isexploring strategic alternatives, including a capitalinfusion.

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