iPayment, Inc. announced financial results for the first quarter of 2007. Revenues for the quarter, which ended March 31, 2007, were $177,740,000 compared with $170,901,000 for the first quarter of 2006. Revenues, net of interchange, were $74,078,000 for the first quarter of 2007 compared with $72,788,000 for the first quarter of 2006. Net loss was $1,715,000 for the first quarter of 2007 compared to net income of $7,622,000 for the same period last year. The Company today has filed its Form 10-Q for the three months ended March 31, 2007, with the Securities and Exchange Commission.
iPayment’s management will hold a conference call to discuss the first-quarter results on Tuesday, May 15, 2007, at 10:30 a.m. (Eastern Time). To listen to the call, participants should dial 719-457-2729 approximately 10 minutes prior to the start of the call. A telephonic replay will become available after 1:30 p.m. (Eastern Time) on Tuesday, May 15, 2007, and will continue through Tuesday, May 22, 2007, by dialing 719-457-0820 and entering Pass Code 2234664.
iPayment, Inc. is a provider of credit and debit card-based payment processing services to over 140,000 small merchants across the United States. iPayment’s payment processing services enable merchants to process both traditional card-present, or “swipe,” transactions, as well as card-not-present transactions, including transactions over the internet or by mail, fax or telephone.
For complete details on iPayment’s latest results visit CardData ([www.carddata.com]).