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Jamba fiscal Q4 loss narrows YOY

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Jamba fiscal Q4 loss narrows YOY

Jamba Inc. said its normalized net income for the fiscal fourth quarter ended Dec. 29, 2015, amounted to a loss of 17 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 7 cents per share.

The per-share loss narrowed 36.6% year over year from 27 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.5 million, compared with a loss of $4.6 million in the prior-year period.

The normalized profit margin fell to negative 13.0% from negative 10.5% in the year-earlier period.

Total revenue decreased 55.5% year over year to $19.5 million from $43.9 million, and total operating expenses declined 54.4% year over year to $23.4 million from $51.3 million.

Reported net income came to a loss of $8.3 million, or a loss of 56 cents per share, compared to a loss of $8.0 million, or a loss of 47 cents per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of 20 cents per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 23 cents.

EPS was a loss of 22 cents in the prior year.

Normalized net income was a loss of $3.3 million, compared with a loss of $3.8 million in the prior year.

Full-year total revenue declined 25.9% from the prior-year period to $161.7 million from $218.0 million, and total operating expenses decreased 25.6% year over year to $166.6 million from $224.0 million.

The company said reported net income totaled $9.4 million, or 58 cents per share, in the full year, compared with a loss of $3.6 million, or a loss of 21 cents per share, the prior year.