Shares of Insightful Corp. (IFUL) Continue to Rise as Company Focuses on European Market
Trading on Insightful Corporation (NASDAQ: IFUL), a provider of scalable data and text analysis solutions, climbed nearly 10 percent since reporting that the company has reduced its non-GAAP operating loss to $269,000 for the first quarter. Although overall revenues declined during the first quarter of this year, the company expects to continue delivering a series of product releases throughout 2008. According to the company’s first quarter earnings report, Insightful Corporation’s revenues totaled $4.9 million, representing a year-over-year decline of 21 percent. The decrease resulted from a decline in the financial services market and significant turnover in the company’s sales force.…