Hypercom reported its net loss for the third quarter is $1.4 million higher than the previous guidance and has reached $38.3 million. Earlier this month, the Company reduced its revenues and earnings forecast for the third quarter as a result of delays in releasing the new “T7Plus” POS terminal as well as the impact of special charges resulting from restructuring activities. The lower gross margin than anticipated is due to lower margins on product shipped from China to Brazil to accommodate the closure of the Brazil manufacturing operation. Net revenues from continuing operations for the third quarter were $64.0 million compared to $64.7 million in 3Q/01. Revenues were flat principally due to issues causing delays in new product introductions. Demand for the Company’s products is strong, as the backlog of orders increased during the quarter to $91.8 million compared to $50.1 million at the end of the second quarter. Hypercom projects consolidated revenues of $66 to $70 million for the fourth quarter and income from operations of $3.8 to $5.4 million. For complete details on Hypercom’s 3Q/02 performance visit CardData ([www.carddata.com]).