An 11-percent decrease in revenue from the Accounting/Finance division pulled down the top line for SmartPros for the third quarter ended September 30. The education vendor turned in a 6.4-percent increase in its loss on a 7-percent decline in revenue for the most recently ended period. Accounting/Finance revenue fell to $2.64 million, down $291,000 from last year's total. The damage was done principally by a $246,000 decline in live training revenue. The company's  loss widened to $174,711 from $108,902. Revenue for the third quarter was $3.6 million, down from $3.9 million a year earlier.

SmartPros said that revenue from subscription-based products and direct sales of course material on a non-subscription basis decreased to $2.0 million from $2.05 million in last year's corresponding period. Revenue from online sales of accounting products were about $1.04 million, down from $1.08 million a year earlier. The company attributed the declines to economic conditions in the segments it serves. Results were better for the Financial Services Training division which $498,000 in the quarter, up 18 percent from $422,000 a year earlier. The company attributed this primarily to increased revenue from custom work, offset by reduced subscription-based revenues.