Paulson Capital reports Q2 revenue, earnings losses - Portland Business Journal:

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million led to second quarter revenue and earningz losses for For the quarter endinvgJune 30, the Portland parent company (NASDAQ: of had a revenue loss of $3.2 with an earnings loss of $4.8 million, or 81 cent per share, compared with revenue of $7.98 with earnings of $1 million, or 16 centss per share in the same quarter of 2007. “Challenginfg market conditions — particularly thosde affecting small and micro cap companies have resulted in a sharp declinwe in the number of initial publicofferingz (IPOs) and private equity transactions taking place,” said Chestert Paulson, chairman and CEO of Paulson Capital Corp.
, in a “During the first six monthws of 2007, there were 147 IPOs completerd in the U.S. markets, while only 42 have been completefin 2008, thus far. What’s more, 56 companiea have canceled planned IPOs since the first of this Asa consequence, investment banking firms nationwide have and our company is no exception.” For the first six monthsd of fiscal 2008, the independent brokerage firm had a revenude loss of $1 million, with an earningw loss of $6.96 million, or $1.16 per compared with revenue of $17.7 million, with earningsz of $3.8 million, or 61 cents per share, in the same perioe of last year.