PORTLAND, Ore. Corillian Corp. on Wednesday reported a bigger-than-expected loss for the fourth quarter.
The Internet banking software provider posted a loss of $7.1 million, or 21 cents a share, a penny short of the consensus estimate. The company lost 80 cents a share during the same period last year.
Fourth-quarter revenue rose 30% from the third quarter and 357% from a year earlier, to $12.4 million.
Revenue for the full year jumped 299%, to $30.9 million. The net per-share loss for the year climbed 83.9%, to $1.03.
The year 2000 has been very exciting for us, with the signing of many top financial institution clients, our expansion into international markets, and our successful IPO, said Ted Spooner, chief executive officer of Corillian.
Corillian went public on April 12 at $8.50 a share. The stock was trading at $11.94 midday Thursday.