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Article: Online Resources Posts Third Quarter 2009 Results.
- Article from:
- Investment Weekly News
- Article date:
- November 14, 2009
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Online Resources Corporation (Nasdaq: ORCC), a leading provider of online financial services, reported financial and operating results for the three months ended September 30, 2009.
Revenue was $36.6 million, down 4 percent from $38.1 million in the third quarter 2008.
Adjusted Ebitda, a non-GAAP measure, was $9.8 million, up 19 percent from $8.3 million in the prior year.
Net income available to common stockholders was $0.4 million, or $0.01 per diluted share. This result compares to a net loss of $1.5 million, or $0.05 loss per diluted share, in 2008.
Core net income, a non-GAAP measure, was $2.9 million, up 50 percent from $1.9 ...