Points International Ltd. (PTSEF.OB) Posts Record Revenue in Q1 2010 Results
Points International Ltd., the owner and operator of Points.com, the world's leading reward program management Website, today posted its results for the first quarter ended March 31, 2010. Total revenue for the first quarter of 2010 was $23.5 million, up 11 percent over $21.1 million reported in the first quarter of 2009. Principal revenue was $21.8 million, up 12 percent compared to $19.4 million in the same period last year. Other partner revenue was $1.7 million, down from $1.8 million reported in the same period of last year and down from $3.7 million in the fourth quarter of 2009. The…