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Healthaxis Reports Smaller 1st Quarter Net Loss

By Staff Writer

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NU Online News Service, May 9, 2003, 11:31 a.m. EDT – Healthaxis Inc., Irving, Texas, is reporting a $1.4 million net loss for the first quarter on $5.7 million in revenue, compared with a $7.7 million net loss on $6.9 million in revenue for the first quarter of 2002.

The company, which sells benefits administration software and Web-based benefits administrations system, ended the quarter with $11 million in cash, cash equivalents and miscellaneous current assets, down from $14.7 million at the end of 2002.