Tier Technologies (TIER) Reports a Q4 Loss
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Tier Technologies, Inc. (Nasdaq: TIER) reports a Q4 loss of $0.06 (from continuing operations) vs. consensus for $0.17 loss. Revenues were $25.7 million vs. $19.78 million consensus.
"On a standalone basis, our core EPS business reported quarterly revenues of $24.8 million, or a 17.3% increase over the same quarter last year. Our general, administrative, selling and marketing expenses, which support our Continuing Operations, were $6.4 million, down $3.2 million over the same quarter last year."
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