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Despite Loss, CheckFree Hits Some Electronic Payment Milestones.(Brief Article)
CheckFree, a provider of electronic payment software and services, announced that in June it distributed 500,000 e-bills, for a run-rate of six million bills per year.
The company also reported revenue of $121.8 million for the quarter ending in June, a 38% increase from $88.5 million during the same period a year earlier.
Still, the company reported a pro forma loss of $779,000, or one cent per share, during the quarter, excluding the impact of acquisition-related amortization and one-time charges. That compares to a loss of $3.3 million for the same period in 2000.
On a generally accepted accounting principles basis, CheckFree lost $87.7 million, or $1.01 per share, during the fourth quarter and $363.1 million, or $4.49 per share, for its entire fiscal year. The company attributed the loss to acquisition-related intangible amortization and one-time charges.
Chairman and CEO Pete Knight said the company made "significant gains across each of our divisions" during its fiscal year.
"The most critical objective we achieved this year was the successful integration of assets, people and technology from our acquisitions, which ...
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Source: HighBeam Research, Despite Loss, CheckFree Hits Some Electronic Payment...