Las Vegas Sun

December 4, 2009

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LV firm revises figures again

Tuesday, May 29, 2001 | 10:46 a.m.

For the second time in just over a month, Las Vegas-based PurchasePro has revised its first quarter financial report and is again reporting a wider loss.

The 4 1/2-year-old software company said this morning in its 10-Q financial report with the Securities and Exchange Commission that it had a loss of $33.5 million or 49 cents a share for the first quarter ended March 31.

Quarterly revenue restated today was $16 million.

PurchasePro stock traded 19 percent higher this morning on the news as investors apparently were relieved that the delayed SEC report had been filed.

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