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Short Take: Connect revenue disappoints

As it had warned, e-commerce software firm Connect reported a net loss for its first quarter of $5.1 million, or 28 cents per share, up from $5 million in the same quarter last year. The company reported revenue of $1.8 million, up 29 percent over last year. The company says it is cutting expenses.

As it had warned, e-commerce software firm Connect reported a net loss for its first quarter of $5.1 million, or 28 cents per share, up from $5 million in the same quarter last year. The company reported revenue of $1.8 million, up 29 percent over last year. The company says it is cutting expenses.