Rentrak Posts Loss Amid Revenue Growth

(RTTNews) - Rentrak Corp (RENT) Tuesday reported fourth-quarter net loss of $2.1 million or $0.17 per share, compared with a loss of $2 million last year.

Results for the recent quarter included, among other items, stock-based compensation expense of $0.12 per share.

Excluding items, adjusted earnings for the quarter were $0.03 per share, compared with a loss of $0.12 per share a year ago.

Revenues for the quarter increased 40 percent to $21.6 million from $15.4 million last year.

Analysts polled by Thomson Reuters estimated a loss of $0.04 per share on revenues of $21.54 million for the quarter. Analysts' estimates typically exclude special items.

"We surpassed revenue growth expectations in the majority of our business lines, our pipeline remains strong and our future opportunities are solid," said CEO Bill Livek.

Results were mainly hurt by operating expenses that climbed to $17 million from $12 million last year.

Portland, Oregon-based Rentrak operates as a media measurement and distribution company serving the entertainment, television, and advertising industries.