Electronic commerce pioneer US Order reported significantly higher revenues in the last three months of 1995, although it still ended the quarter in the red.
US Order said revenues for reached $1.3 million in the fourth quarter of 1995, a 215% increase over the year-earlier period. But the company said its net loss for the quarter was also $1.3 million. Officials part of that loss was due to an investment US Order made last year, taking a 40% stake in HomeNet, a home banking software firm. Without the investment, US Order lost $955,000 in the latest quarter, a 27% improvement over the corresponding 1994 period.
"As we move into 1996, our corporate long-term strategy is on track to become the leading provider of smart phones and smart-phone services, as well as a leading force in electronic banking," said John C. Backus, US Order's president and chief operating officer.
- Brian Tracey and Karen Epper