Educational vendor SmartPros narrowed its loss for the third quarter ended September 30, despite a 10.5-percent decline in revenue for the period. The company lost $108,902 for the most recently ended quarter, compared to $181,131 in red ink a year earlier.

Revenue from the Accounting/Financial division represented 75 percent of total revenue. However, the biggest element in revenue decline was a $237,000 drop in the company's Skye Multimedia subsidiary, which produces customized training for businesses that include phramceutical companies and professional services firms. Most segments showed revenue decreases which included a $55,000 drop in the Accounting/Financial division, $74,000 in the Financial Services division and $54,000 at the SmartPros Legal and Ethics division.

The SG&A cut reflected the drop in the number of general and administrative personnel to 69 for the most recently ended quarter, down from 75 a year earlier.