ZipRealty Q1 net loss totals $7.5 million

Transaction volume rises 33.6% over Q1 '08

ZipRealty Inc. on Tuesday announced a net loss of $7.5 million in the first quarter, or 38 cents per share, with revenues growing 5.3 percent compared to the same quarter last year and real estate transaction volume up 33.6 percent.

The quarterly net loss was larger than the $7.3 million loss in first-quarter 2008. Revenues totaled $21.7 million in the first quarter, compared with $20.6 million in the same quarter last year.