MA-based Lightbridge reported first quarter revenue of $26.5 million, a decrease of 2% compared to the prior year due to lower revenue from Telecom Decisioning Services clients. Net income was $1.6 million, versus a loss of $1.1 million for the comparable period of 2005. Authorize.Net revenue for the first quarter was a record $13.5 million, an increase of 33% over 1Q/05. Authorize.Net processed a record $7.2 billion of merchant transactions in the first quarter, up 37% year-on-year. The number of transactions processed in the first quarter increased to a record 72.8 million, a 30% increase over the comparable quarter last year. Nearly 16,000 new merchants were added in the quarter. Active Merchants as of March 31st were a record 142,000, up 20% over the prior year. The Company anticipates revenue for the second quarter to be in the range of $24.8 million to $26.5 million. For complete details on Lightbridge’s latest results visit CardData ([www.carddata.com]).