Connecture Inc., a Brookfield software company, lowered its revenue projections for the year after its second-quarter results fell short of its expectations.
The company, which sells information systems used to create online marketplaces for health plans, reported a net loss of $9.9 million, or 47 cents a share, for the quarter ended June 30, compared with a net loss of $4.3 million, or 20 cents a share, in the same quarter of 2015.
The loss in the most recent quarter includes $1.9 million in expenses stemming from paying off and refinancing debt. Read the full story here.
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