MELVILLE, N.Y. - AppOnline.com Inc. lost $3.8 million, or 9 cents per share, in the first quarter, compared with a profit of $113,561 for the same period last year.

The lender's revenues increased 25.7%, to $11 million. AppOnline.com said originations online and in its retail branches have increased but that "costs associated with the company's aggressive entrance into the emerging online mortgage origination business" led to the losses.

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