Trintech shares have continued their dramatic slide downwards today falling over 35% on the Neur Markt, after yesterday's disappointing full year results.
Yesterday the shares fell over 30% to close at 4.30 euros, well below the flotation price of 5.50 euros in autumn 1999. Today's slide saw the stock trading at 2.76 euros at 5 o'clock GMT.
Tuesday's results showed 4th quarter losses widening from $4.7m to $15.1m, while annual losses rose from $12.1m to $32.6m, $5 million more than analysts expected.
But Trintech CEO Cyril Mcguire was bullish, pointing to record Q4 revenues of $15.5m, and saying the company was on a path to profitability by the end of the year.
