PodcastOne, Inc. (PODC) announced Loss for its first quarter that increased from last year and missed the Street estimates.
The company's bottom line came in at -$1.37 million, or -$0.06 per share. This compares with -$0.21 million, or -$0.01 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 23.7% to $13.16 million from $10.64 million last year.
PodcastOne, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): -$1.37 Mln. vs. -$0.21 Mln. last year.
-EPS (Q1): -$0.06 vs. -$0.01 last year.
-Revenue (Q1): $13.16 Mln vs. $10.64 Mln last year.
-Guidance:
Full year revenue guidance: $51 Mln - $56 Mln
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