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Short: Verity reported $1.3 million loss

Verity, a software developer, reported a widening first-quarter loss of $1.3 million, compared with a $436,000 loss last year. Revenues increased 60 percent to $8.8 million for the quarter ending August 31, compared with a year earlier.

Verity, a software developer, reported a widening first-quarter loss of $1.3 million, compared with a $436,000 loss last year. Revenues increased 60 percent to $8.8 million for the quarter ending August 31, compared with a year earlier.