Monday, TranS1 Inc. (TSON) reported a wider net loss for the first quarter versus the year-ago period, hurt by higher operating expenses despite a 45% growth in revenues during the three-month period.
The Wilmington, North Carolina-based company posted a first quarter net loss of $5.16 million or $0.25 per share that widened from a loss of $2.44 million or $0.12 per share in the year-ago quarter.
Earnings during the quarter was impacted by a rise in operating expenses over last year.
On an adjusted basis, TranS1 posted a net loss of $4.52 million or $0.22 per share, wider than a net loss of $1.92 million or $0.10 per share, in the year-ago quarter.
On average, 4 analysts polled by Thomson Reuters expected the company to report a loss of $0.32 per share for the first quarter. Analysts' estimates typically exclude special items.
Revenues rose 45.2% to $8.68 million from $5.98 million in the prior-year first quarter.
Analysts were anticipating revenues of around $7.60 million for the quarter.
Gross profit increased to $7.14 million compared to $4.94 million a year ago.
Operating expenses witnessed a rise to $12.52 million from $8.32 million last year. Sales and marketing costs rose to $9.15 million from $5.70 million.
The company attributed the increase in operating expenses primarily to an increase in sales and marketing costs as a result of the continued expansion of the direct sales force, increased commissions as a result of increased sales and increased surgeon training costs.
TSON ended Monday's regular trading at $7.21, down 1.90% or $0.14, on a volume of 158,482 shares on the Nasdaq.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.