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FreeStar Technology Announces Third Quarter Results

Tuesday 29 June 2004 14:20 CET | News

FreeStar Technology Corporation has reported increased revenues and reduced losses for both the three months and nine months ended March 31, 2004.

Revenues for the nine months ended March 31, 2004 rose to $991,033, up from $321,331 for the comparable nine months of the prior year. Net loss attributable to common shareholders decreased by approximately 48% to $4,477,860, or $0.01 per share, representing an improvement of $4,201,267 compared to the loss of $8,679,127 or $0.10 per share per basic and diluted share, of the comparable period of the prior year. For the three months ended March 31, 2004, revenues increased to $329,659, an increase of $17,028 compared to revenues of $312,631 for the three months ended March 31, 2003. Net loss attributable to common shareholders for the three months ended March 31, 2004 decreased to $802,974, an improvement of $2,210,574 or approximately 73% compared to the net loss of $3,013,548 realized during the comparable quarter of the prior year.


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Categories: Payments & Commerce | Payments General
Countries: World
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