S1 Corp. Continues to Bleed Red Ink

ATLANTA – S1 Corp. reported a loss for its fourth quarter yesterday of $13.9 million, or 18 cents a share, based on operating losses of $13.3 million. Losses for the full year were $1.1 million, as $28.2 million in operating losses were offset by $27 million in gains from discontinued operations for the sale of the company’s FRS unit last year. That is strikingly similar to the company’s financials for 2005, when it reported a $1.1 million loss that included a $27 million gain from discontinued operations for the sale of its Edify unit.

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