Espeed has released its financial results for 2004, showing net
income of $25.9m, down from its 2003 earnings of $36.1m.
The company took the step of also reporting income without
applying generally accepted accounting principles, primarily in
order to reflect its results independent of "impairment of
capitalised software costs and certain patent claims,
litigation defence costs and business partner securities". On
this basis, net operating income increased to $31.1m.
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