19 January 2018
visit http://response.ncr.com

Belzberg narrows Q1 losses

12 May 2010  |  2355 views  |  0 Source: Belzberg Technologies

Belzberg Technologies Inc. (TSX -BLZ), a provider of technology-based equity and options trading services, announced today its financial results for the three months ended March 31, 2010.

Major elements of the first quarter statements include:

  • Net revenue decreased by 29% to $4.1 million for the first quarter of 2010 from the previous quarter.
  • Operating expenses decreased 14% or $1.0M for the first quarter of 2010 from the previous quarter.
  • Loss of $2.5M ($0.17) per share for the first quarter of 2010 as compared to a loss of $10.9M ($0.74) per share in the previous quarter.
  • Working capital position of $14.1M at March 31, 2010 as compared to $16.2M at December 31, 2009.

"The first quarter of 2010 presented a challenging operating environment," said Judith Robertson, President and CEO. "We are starting to see the benefits of our cost reductions and restructuring program in lower operating costs. In addition, we continue to seek scale through partnerships and combinations."

Read the full statement here:

 

» Download the document now 946 kb (PDF File)

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.capgemini.comvisit www.vasco.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
11065 views comments | 32 tweets | 37 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10254 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9866 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9347 views comments | 18 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8373 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission
New York City, NY - USA

Find your next job