17 Gifts at All-Time Lows Gifts Under $30 'Forest Bubble' on Mars RSV and the Holidays MyHeritage 'AI Time Machine' Postage Stamp Price Increase Household Items on Amazon Melatonin vs. GABA
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Allegro growth hits earnings

Allegro New Media faces a substantial third-quarter loss with rising expenses rose and acquisition charges.

Allegro New Media (ANMI) today reported a substantial third-quarter loss as expenses rose and the company took an acquisition charge.

Allegro, an interactive software publisher, posted a loss of $6.6 million, or $1.80 a share, for the quarter ending September 30, compared with a net loss of $295,539 or 25 cents a share a year earlier.

The company attributed the loss to a $3.9 million acquisition charge, higher expenses from advertising to labor, and higher research and development costs.

Revenues rose to $1.7 million for the quarter, up from $298,342 a year ago. A portion of the sales were driven from Serif, a company Allegro acquired last July.

Despite posting a sizable loss, the company is in acquisition mode.

In October, Allegro announced plans to buy Software Publishing Corporation, a move designed to further its market share in the visual communication software market for businesses.