Sunday, Convera Corporation (NASDAQ:CNVR), a leading vertical search service provider, reported a net loss of $3.6 million, or 7 cents per share for their second quarter, ended July 31, 2008, compared to a loss of $6.2 million, or 12 cents per share in the same quarter last year. Revenue for the quarter was $469,000, an increase from the $255,000 reported in the year-ago period. The Company said losses were due to a more streamlined approach to their operations and that financial benefits would be seen in the near future. Shares of Convera Corp. rose 5 cents to close at $1.10 on the afternoon of September 5, 2008.

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