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Short Take: Firstwave reports loss

Internet information systems' company Firstwave Technologies reported second quarter 1998 revenues of $3.7 million and a net loss of $717,000 or 14 cents per share, meeting analysts' expectations. Firstwave was started earlier this year. The company said its core business was profitable for the quarter, and cited the net loss to the acquisition of London-based Co-cam and to investments in a future line of business.

Internet information systems' company Firstwave Technologies reported second quarter 1998 revenues of $3.7 million and a net loss of $717,000 or 14 cents per share, meeting analysts' expectations. Firstwave was started earlier this year. The company said its core business was profitable for the quarter, and cited the net loss to the acquisition of London-based Co-cam and to investments in a future line of business.