Penson Worldwide Inc. (PNSN) reported that it is actively engaged in advanced discussions regarding strategic transactions and will provide further information when appropriate.
Penson noted that it has not reached a final agreement with its note holders to exchange their notes for new securities under the proposed exchange offer previously announced, but is continuing with its efforts to restructure its balance sheet.
Meanwhile, Penson announced that it made its scheduled interest payment of $12.5 million on its 12.5% Senior Secured Second Lien Notes due 2017.
Net loss for the first-quarter was $48.47 million, or $1.73 per share, compared to a net loss of $2.86 million or $0.10 per share in the year ago quarter.
Excluding the previously noted write-down and non-recurring expense items from both periods, net loss from operations was $26.4 million, or $0.94 per share.
Net revenue for the quarter decreased to $29.28 million from $63.29 million in the same quarter last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.