Track Data Corporation (Nasdaq: TRAC) today announced results for its first quarter ended March 31, 2006.
Revenues for the first quarter ended March 31, 2006 were $10,524,000 compared to $10,109,000 for the same period in 2005. Net income for the first quarter of 2006 was $701,000, or $.08 per share, compared to $286,000, or $.03 per share, in 2005. Revenues from Track ECN increased in the first quarter of 2006, offsetting a decline in professional market data revenues. The Company continues to experience declines in revenues from its market data services to the professional market. Management expects this trend to continue through 2006, negatively impacting revenues and profits. The 2005 period includes after-tax income of $222,000 from telecommunication credits. The 2006 and 2005 periods include after-tax gains of $413,000 and $307,000, respectively, from the sale of Innodata and Edgar Online common stock.Download the document now 27.9 kb (Adobe Acrobat Document)