Trintech blames firm’s third quarter losses on hardware setbacks

TRINTECH, a former high flier on the Nasdaq in the pre-dotcom bubble days, suffered a setback in the third quarter of 2005, it announced yesterday.

Figures for the three months to end September show profits were hit by technical difficulties with hardware. The problems have since been resolved.

But as a result the Irish payments technology company has reported a net loss of $387,000 (€328,000) for its third quarter. The company blames technical problems with some hardware products, but says they have been solved, and as a result sales started to pick up again at the end of the quarter.