SAN FRANCISCO (AP) _ Castlight Health Inc. (CSLT) on Thursday reported a loss of $9.3 million in its third quarter.
On a per-share basis, the San Francisco-based company said it had a loss of 6 cents. Losses, adjusted for stock option expense and non-recurring costs, were 4 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.
The online health care software company posted revenue of $35.5 million in the period.
Castlight expects full-year revenue in the range of $140 million to $145 million.
In the final minutes of trading on Thursday, the company's shares hit $1.60. A year ago, they were trading at $2.25.