Trintech announces cash usage predictions

Trintech Group PLC, a leading global provider of secure payment infrastructure solutions, announced today that it expects cash usage for the first quarter will be in the range of $7m (€7.7m) to $8m (€8.8m) as previously guided.

Continued progress on tight fiscal management of the company's cash burn has resulted in an approximate 50% sequential decrease on the prior quarter's cash usage of $13m (€14.4m).