Interactive Intelligence Group Inc. on Monday said it lost $13.3 million in the first quarter in a financial performance that failed to live up to the expectations of industry analysts.
The Indianapolis-based software company's loss of $13.3 million, or 60 cents per share, exceeded a loss of $3.5 million, or 16 cents per share, in the first quarter of 2015.
The loss, adjusted for stock option expense and pretax expenses, came to 18 cents per share in the latest quarter, missing the average estimate of seven analysts surveyed by Zacks Investment Research for a loss of 11 cents per share.
Interactive Intelligence posted revenue of $99.3 million in the period, an increase of 11 percent from $89.5 million in the first quarter of 2015.
The latest revenue figure missed a prediction of $101.6 million by five analysts surveyed by Zacks.
Interactive Intelligence shares closed at $36.70 each Monday, an increase of 17 percent since the beginning of the year.