Critical Path (CPTH) , a provider of business-to-business Internet messaging software, was down 10.2% in late morning after revising third-quarter and fourth-quarter results lower as a result of a review of its revenue-recording practices.

The company said the third-quarter loss, excluding special charges, was 30 cents a share, vs. 14 cents previously reported. The fourth-quarter loss was revised to 33 cents a share, vs. the earlier figure of 16 cents.

The company began investigations into its accounting practices in February and placed two executives on administrative leave.