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Burger chain Shake Shack reported revenue that topped estimates and a net loss in its first quarterly report as a public company on Wednesday.
Shares dropped following the report. (Click here to track Shake Shack stock.)
Its revenue rose to $35 million from $23 million in the year-before period.
The company reported a net loss of 5 cents per share during the quarter.
Analysts forecast burger chain Shake Shack would report revenue of $33 million, according to a consensus estimate from Thomson Reuters.
The better-burger chain's stock has more than doubled since its IPO in January.
Same-restaurant sales rose 7.2 percent from a year ago during the quarter. Its comparable base includes the 13 restaurants open for 24 months or longer in this period. This key restaurant metrix was forecast to increase 4 percent, according to an estimate from Consensus Metrix.
During fiscal year 2015, Shake Shack expects revenue to be in the range of $159 million to $163 million and sales growth in the low single digits.