FNDS3000 Corp. reported unaudited earnings results for the first quarter ended November 30, 2012. For the quarter, as compared to the quarter ended August 31, 2011, the company's net loss improved $273,000 or 42%.

Revenues were $913,600, an increase of $57,800 (7%). The net loss for the quarter showed a 9% increase compared to the previous quarter and this was due to increased hosting fees as certain credits were applied in the prior quarter; increased bank fees due to increased minimum fees; and, the company incurred recruitment fees as it augmented its IT staff as the continued to invest in the development of the software platform.