The U.S. electronics retailer reported a net loss of $98.3 million, declining from a $28.0 million loss in the same period a year earlier.
RadioShack's sales have been on a steady decline since 2010 as competition mounts from the likes of Best Buy (BBY), Amazon.com (AMZN) and Wal-Mart Stores (WMT), who offer wider selections for lower prices.
The company's stock price opened 15% lower on the news, falling from $1.54 to as low as 1.32 in morning trade. Shares pulled up to $1.36 in mid-afternoon trading.
RadioShack shareholders voiced their disgust with the direction of the company last week by rejecting the executive compensation package for a second year in a row.
Nearly 55% of votes were cast against the compensation plan in a nonbinding referendum at the shareholder meeting, up from 53% a year earlier.
"There's nothing that [Chief Executive Officer Joe Magnacca] has done that leads anybody to believe that he's the right guy to turn this business around," Anthony Chukumba, a New York-based analyst at BB&T, told Bloomberg.
The company currently faces a bevy of structural issues that are creating a divide between the retailer and customers.
For one, the stores are severely outdated. As consumers have migrated online, RadioShack continues to operate like a museum for vintage consumer electronics that were left behind in the 1990s. Consumers enjoy new, shiny objects to play with, a complete contrast to RadioShack, a store analysts have called "tired looking."