Online Resources Posts Third Quarter EPS of $(0.02)

Online Resources Corporation ORCC today reported financial and operating results for the three months ended September 30, 2010.

• Revenue was $36.8 million, compared to $36.6 million in the third quarter of 2009.
• Ebitda, a non-GAAP measure, was $7.4 million, compared to $8.8 million in the same quarter of 2009.
• Adjusted Ebitda, a non-GAAP measure that adjusts Ebitda for equity compensation and other expense, was $8.0 million, compared to $9.8 million in the prior year period.
• Net loss available to common stockholders was $0.7 million, or $0.02 per share, compared to net income of $0.4 million, or $0.01 per diluted share, in the same quarter of 2009.
• Core net income, a non-GAAP measure, was $1.2 million, or $0.04 per diluted share, compared to $2.9 million, or $0.09 per diluted share, in the same quarter of 2009.