Online Resources Corp. (NASDAQ: ORCC) last week reported a loss in the second quarter of $1.2 million compared with net income of $1.4 million in the second quarter a year ago. The Chantilly, Va.-based company reported revenues of $31.9 million, up 83 percent from $17.4 million a year ago.
The company said its core net income was $1.9 million, down from $2.2 million a year ago. The core net income figure is a non-GAAP measure. GAAP stands for generally accepted accounting principles.
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