Despite a seasonally slow first quarter, Phoenix-based Hypercom Corporation reported first quarter revenues of $50.8 million and a net loss from continuing operations of $0.5 million, compared to $49.8 million in revenues and a net loss from continuing operations of $0.9 million in the year ago quarter. The terminal manufacturer says it still expects 2004 revenues to range from $254.0 million to $266.0 million with income from continuing operations between $21.0 million and 25.5 million. Hypercom’s gross margin increased to 41.9% in 1Q/04, versus 40.0% for 1Q/03. The Company closed the quarter with a sales backlog of $54.9 million, versus $57.0 million at the end of the fourth quarter, and $83.7 million at the end of 1Q/03. During the quarter, the Company released several new 32 bit terminal products in the “Optimum” family including the “L4100” for high volume multi-lane retailers worldwide, the “T4100” countertop terminal, and the “M2100” handheld, wireless terminal. Hypercom also introduced the “IN-tact 1101” IP gateway device, and announced the HBNet advanced data communication service for dial and IP POS processors. For complete details on Hypercom’s first quarter performance visit CardData ([www.carddata.com]).