ISV Espeed has reported a profit of $2.7m in the first
quarter, a 75% drop from $11m for the same period in 2004.
As it did with its full 2004 results, the firm took the step
of announcing non-generally accepted accounting principles
(GAAP) figures to demonstrate its performance without external
factors such as litigation costs in its patent case with
Trading Technologies (TT) and, in this case, a "non-cash charge
related to business partner securities." Combined, these
reduced Espeed's Q1 GAAP figure to $1.3m. TT's case against
Espeed is expected to be heard in autumn.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.