Opus360 Reports First Quarter Net Loss Of $37 Million On $1.5 Million Revenues

Opus360 Corporation, a maker of software for procuring and managing a project-based workforce, reported revenues of $1.5 million for the first quarter ended March 31, 2001, an increase of 57 percent from revenues of $977,000 from the first quarter of a year ago. Net losses for the first quarter were $37.3 million, or 75 cents per share, compared to a net loss of $25 million, or $1.86 per share for the first quarter 2000.