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Jamba Q1 loss widens YOY

Jamba Inc. said its normalized net income for the first quarter was a loss of 7 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 2 cents per share.

The per-share loss grew year over year from 1 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.2 million, compared with a loss of $178,750 in the first quarter ended April 1, 2014.

The normalized profit margin declined to negative 2.7% from negative 0.3% in the year-earlier period.

Total revenue increased on an annual basis to $52.5 million from $51.6 million, and total operating expenses grew on an annual basis to $54.3 million from $51.9 million.

Reported net income totaled a loss of $1.8 million, or a loss of 11 cents per share, compared to a loss of $171,650, or a loss of 1 cents per share, in the first quarter ended April 1, 2014.