18:19 ET Interactive Pictures reports Q1 results; revs down 88.7% (IPIX) 16.30 +1.12: Co reports a Q1 net loss of $0.41 a share vs a yr-ago loss of $0.01; revenues fell 88.7% to $0.72 mln (no estimates available). Security revenues for the qtr were two thousand dollars vs five thousand dollars in the yr-ago, or approx. 2.8% of total sales. IPIX finished the qtr with approx $9 mln in cash reserves. traders ran this thing up from $2 to 16 because it was supposed to be a security stock. they had $2000 in security sales last quarter.lol this puppy is going back to single digits.