Trintech has said it expects second-quarter revenues to be between €12 million and €13 million in a lower-than-expected forecast.
The payment software company blamed a slowdown in demand for Chip and PIN systems in Europe for the fall off in revenues.
Trintech said it expected to post a second-quarter net loss of between $3.7 million and $3.9 million.
The company said gross margins, operating expenses, and net income would be in line with previously stated company expectations. Its full quarter two results will be announced later this month.