Irish software company, Trintech, today reported first half revenues of $20.3 million, a fall of 3 per cent on the $21 million for the same period last year.
The electronic payments firm said second quarter revenue fell by 8 per cent to $10.1m, from $10.9m for the corresponding period last year.
Net losses fell to $1.8 million in the second quarter from $5.1 million a year. First half product revenue was up by 21 per cent to $4.4 million this year from $3.6 million last year.
Chief financial officer Mr Paul Byrne said the company was still taking steps to turn the corner in terms of generating improved margins, cashflow and profits.
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"This will provide the foundation for sustained profitability and enhanced shareholder value," he said.