said it expects a third-quarter loss of 18 cents a share, narrower than analysts are expecting, and is comfortable with the current
First Call/Thomson Financial
consensus for the fourth quarter.
According to a survey, six analysts estimated the company would lose 23 cents a share in the third quarter and 9 cents a share in the fourth quarter.
The company lost $1.04 a share in the year-ago third quarter and 57 cents in the previous fourth quarter.
The company, which will issue third-quarter earnings on Oct. 23, also said it is on track to report a 30% increase in third-quarter revenue compared with the second quarter, when it reported revenue of $20.1 million. The company also said it remains on track to report a profit, excluding noncash charges, in the first quarter. Analysts expect the company to earn 3 cents a share in the first quarter.