Losses Widen AtFinancialContent

Register now

SAN FRANCISCO - (05/17/06) -- FinancialContent Inc., whichprovides online media at credit unions, banks and other entities,reported Tuesday its losses increased in the fiscal third quarterended March 31 to $855,000, or eight cents a share, from $306,000,or three cents a share, for the third quarter last year. Revenuesrose a strong 42% to $462,000 for the period, compared to lastyear's third quarter. Among the third quarter highlights was a $1million sale of secured convertible notes and the launch of a setof custom data solutions for the newspaper industry.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER