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StumbleLV 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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