Key Developments For Online Resources Corporation
Online Resources Corporation (ORCC.O) (Nasdaq)
Online Resources Corporation Launches Online Banking And Billpay
Online Resources Corporation announced that it has launched its online banking and bill payment services, with approximately 200 clients deployed to date.
Online Resources Corporation Issues Q4 2009 Outlook In Line With Estimates; Lowers FY 2009 Revenue Outlook; Lowers Top End Of Prior FY 2009 EBITDA Outlook; Narrows FY 2009 EPS Outlook
Online Resources Corporation announced that for fourth quarter of 2009, it expects revenue to be in the range of $37.4-$39.4 million, adjusted EBITDA to be in the range of $10.0-$11.5 million, net income (EPS) to be in the range of $(0.02) to breakeven and core net income to be in the range of $0.10-$0.12. The Company updated fiscal 2009 guidance and expects revenue to be in the range of $151.0-$153.0 million, adjusted EBITDA to be in the range of $37.5-$39.0 million, net income to be in the range of $(0.12)-$(0.10) and core net income to be in the range of $0.34-$0.36. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $38.6 million, EBITDA of $10.35 million EPS of $0.10 for fourth quarter of 2009; revenue of $154 million, EPS of $0.34 for fiscal 2009.
Online Resources Corporation Issues Q3 2009 Outlook; Revenue Below Estimates; Lowers FY 2009 Revenue Outlook; Raises FY 2009 EPS Outlook; Narrows Prior FY 2009 EBITDA Outlook
Online Resources Corporation announced that for the third quarter of 2009, it expects revenue to be in the range of $37.0 million - $39.0 million, adjusted EBITDA to be in the range of $9.5 million - $10.9 million, net (loss) income to be in the range of $(0.04) - $(0.01) per share and core net income of $0.09 - $0.11. For fiscal 2009, the Company has lowered revenue outlook to a range of $152.0 million - $156.0 million. The Company has raised net (loss) income outlook to a range of $(0.18) - $(0.10) per share. The Company expects core net income of $0.32-$0.38. The Company has narrowed EBITDA outlook to a range of $37.5 million -$41.5 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $40.2 million and EBITDA of $9.6 million and earnings per share (EPS) of $0.09 for the third quarter of 2009; revenue of $160.2 million, EBITDA of $38.4 million and EPS of $0.36 for fiscal 2009.
Online Resources Corporation Enables Online ATM/Debit Card Payments For Healthcare Providers
Online Resources Corporation announced that through a joint effort with First Data's STAR Network, the companies can now offer low cost, low risk ATM/debit card payments to healthcare clients, offering consumers choice and convenience wherever they pay. Now web and phone based (online) ATM/debit card payments from healthcare organizations, such as hospitals, doctors, laboratories and other related healthcare billers, can be accepted on the STAR Network. The two companies are making this PINless bill payment method available to help healthcare billers reduce both expenses and losses. The STAR Network is a domestic coast to coast ATM/debit network that, in addition to other services, provides an online bill payment option for low risk biller categories. Online Resources provides its financial institution and biller clients online bill payment and processing services through its network of over 6,000 electronic biller endpoints.
Virginia Credit Union Selects Online Resources Corporation's Full Suite
Online Resources Corporation announced that $1.8 billion asset Virginia Credit Union has signed a multi-year agreement for its integrated online banking and bill payment services. Virginia Credit Union is one of the top 70 credit unions in the United States and serves more than 188,000 members. Virginia Credit Union chose the Company's UniteSM Financial Services Suite, opting for the highly customized retail Internet banking solution. This solution is hosted by the Company and provides the credit union the flexibility to perform extensive interface modifications for its members. Best-in-class bill payment is fully integrated with the hosted solution, including same-day expedited payments.
