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Jamba fiscal Q1 loss widens 6.0% YOY

Jamba Inc. said its normalized net income for the fiscal first quarter ended March 29 came to a loss of 10 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 4 cents per share.

The per-share loss increased 15.0% year over year from 9 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.5 million, compared with a loss of $1.4 million in the prior-year period.

The normalized profit margin dropped to negative 8.1% from negative 2.7% in the year-earlier period.

Total revenue declined 64.3% year over year to $18.8 million from $52.5 million, and total operating expenses declined 61.3% from the prior-year period to $21.2 million from $54.7 million.

Reported net income totaled a loss of $2.9 million, or a loss of 19 cents per share, compared to a loss of $1.8 million, or a loss of 11 cents per share, in the year-earlier period.