E-commerce software and services firm CyberCash Inc has reported a second-quarter net loss of $11m on revenue up 72.7% at $4.2m, compared to a loss of $9.6m in the year-ago quarter. The loss amounted to $0.54 per share, when analysts surveyed by First Call had been expecting a loss of just $0.38. The company had warned earlier in the month of the shortfall, which it blames on slower- than-expected adoption of its latest technology due to the uncertain nature of the evolving market for digital wallets. Thus it has seen what it calls a delay in the recognition of revenues from its new Agile Wallet Platform and InstaBuy one- click shopping service. For the six-month period, net loss was $18.9m on revenue up 141% at $8.6m, compared to a loss of $15.3m last year.
