TRX announced a third-quarter net profit but also detailed expectations for reduced revenue from its largest client, Expedia.

As previously disclosed, Expedia is reducing the transactions it processes through TRX; in 2011, revenues from Expedia will fall to approximately one-third of 2009 levels, TRX officials said. Expedia has driven 43 percent of TRX's revenues so far this year. "These anticipated reductions are due to a strategic decision they made to expand the number of suppliers they work with, and the decision to build and own the technologies they deem important to their operating performance," said TRX president and CEO Shane Hammond. "The path to replacing the anticipated revenue loss in 2011 must come from dozens and hundreds of clients." TRX earned $400,000 in the September quarter, compared with a $2.1 million loss a year earlier, largely due to cost cuts. Revenues fell 22 percent to $15.2 million.