HyperFeed revenues continue to slide

HyperFeed revenues continue to slide

US market data technology firm HyperFeed is reporting a second quarter net loss of $0.7 million, in line with last year's figures, on revenue of $3.2 million versus $4.6 million for the same period in 2002.

For the six months ended 30 June 2003, the net loss was $1.5 million, against $0.9 million in H1 2002. Revenue dropped by almost a third over the half-year to $6.5 million from $9.7 million in 2002.

HyperFeed CEO Jim Porter says recently announced parnerships with Tibco and MoneyLine Telerate should feed through to increased revenues and reduced losses in the third quarter.

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