Rochester, NY 8/11/2009 10:40:01 AM
After Hours - NYFIX Inc., NYFX - Company Release its Second Quarter Report and Financial Results of First Half 2009
NYFIX Inc.
NYFIX, Inc. one of the pioneer in providing of innovative solutions that optimize trading efficiency, reported results for the second quarter and first half of fiscal year 2009. Continued growth in order routing channels connected on the NYFIX Marketplace and a lower cost structure translated into improved results over second quarter and first half 2008.
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Company’s revenue were $26.6 million for the second quarter 2009, compared to $28.6 million of revenues generated in the same quarter of last year. Overall expenses declined 15% during second quarter 2009, compared to second quarter 2008. EBITDA was $(0.7) million for second quarter 2009 reflecting the impact of a lease restructuring charge of $(0.7) million and break-even EBITDA from other operations.
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