Think they missed their numbers. Conference call tomorrow
CMSI Reports First Quarter Results
COLUMBIA, Md., May 6 /PRNewswire/ -- Credit Management Solutions, Inc. (CMSI) (Nasdaq: CMSS), a service bureau provider for various credit transactions and a developer and provider of software for automating the consumer and small business credit analysis, decision-making and funding process, today reported first quarter results.
For the quarter ended March 31, 1998, total revenue was $4.2 million vs. $4.0 million in the comparable period of 1997. Pretax loss for the first quarter of 1998 was ($1.4) million, or ($.18) per share, compared to a pretax loss of ($.4) million, or ($.03) per share in the first quarter of 1997. The number of shares used in the calculation of basic and diluted EPS for the quarters ended March 31, 1998 and 1997 were 7,619,625 and 7,556,767, respectively.
James R. DeFrancesco, President and CEO, said, "While revenues are up compared to last year's first quarter, they are consistent with historical cycles of being lower than the preceding fourth quarter. We remained primarily focused on the development and deployment of our strategic transaction-oriented products. As these new products come to market, we expect a more consistent and predictable revenue model." |
