Earnings, wow
CMSI Reports Second Quarter Results
COLUMBIA, Md., Aug. 4 /PRNewswire/ -- Credit Management Solutions, Inc.
(Nasdaq: CMSS), a leading provider of credit decisioning technology to
automate and speed the processing of consumer and small business loans, today
reported second quarter results.
For the quarter ended June 30, 1999, total revenue was $6.1 million vs.
$3.1 million in the comparable period of 1998. Pretax income for the second
quarter of 1999 was $0.1 million, or $0.01 per share, compared to a pretax
loss of ($2.6) million, or ($0.33) per share in the second quarter of 1998.
Revenues for the six months ended June 30, 1999 were $12.3 million,
compared to $7.4 million for the first six months of 1998. Net loss for the
six months was ($0.6) million, or ($0.08) per share compared to ($3.9)
million, or ($0.51) per share for the same period in 1998.
Peter M. Leger, President and CEO, said, "The results of this quarter
reflect our continued focus on executing against our 1999 operating plan and
returning the business to profitability. We are continuing to make steady
progress in growing all areas of our business especially our E/Internet
Commerce segment. The interest expressed by the marketplace in our CreditOn-
line(R) suite of products continues to be strong and we are very pleased with
our efforts in establishing new strategic relationships to further leverage
our current core technologies." |
