May 3 (Reuters) - Callidus Capital Corp
* Reports first quarter 2017 results
* Preliminary discussions with a select, second-stage group of potential bidders in privatization process are advancing well
* Qtrly loss per share $0.07
* Qtrly total revenue of $36.4 million decreased 25% ($12.1 million) from q4 2016 and 26% ($13.1 million) from first-quarter 2016.
* Remains optimistic that it will announce a transaction on or about end of q2 of 2017
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