MA-based Lightbridge reported that revenue from continuing operations for the first quarter was a record $16.3 million, a 21% jump over 1Q/06. The Company reported net income of $1.9 million for the quarter versus net income of $1.6 million for the comparable period of 2006. The Company recorded a gain of $1.4 million in connection with the sale of the TDS business on February 20th and incurred a loss from TDS operations in the first quarter of $1.6 million. Authorize.Net processed a record $8.9 billion of merchant transactions in the first quarter, up 24% compared to the same period in 2006. The unit also processed 86.4 million transactions in the first quarter, a 19% increase over 1Q/06. Active merchants were at a record 175,439, up 23% over the prior year. Lightbridge recently announced the potential acquisition of PSiGate. For complete details on Lightbridge’s latest results, visit CardData ([www.carddata.com]).