Shares of DynaVox Inc. fell in trading Friday, a day after the provider of software for people with speech and learning disabilities reported a loss during the fiscal 2011 first quarter on lower sales and higher costs.
During the quarter ended Oct. 1, the company said it lost $504,000, or 5 cents per share. The company did not provide comparable figures for the prior-year period. The company had its IPO in April.
Revenue fell 11 percent to $21.6 million from $24.3 million, while operating expenses rose 15 percent to $16.2 million.
Analysts polled by Thomson Reuters expected profit of 5 cents per share, on average.
The company said it experienced a softening of demand for both its speech generating devices and software products during the quarter.
Looking ahead, the company said it expects sales to decline 10 to 15 percent in fiscal 2011 with adjusted earnings per share of 21 cents to 27 cents.
Analysts expect 47 cents per share on revenue of $121.2 million.
Shares of DynaVox plunged $1.22, or 21 percent, to $4.60 in morning trading on Friday. The stock has traded between $5.25 and $19.20 since going public. Earlier in the session it traded at a low of $4.45.