RTTNews | Aug 12, 2021 10:23AM EDT

10:23 Thursday, August 12, 2021 (RTTNews.com) - Shares of streaming video-on-demand company Chicken Soup for the Soul Entertainment, Inc. (CSSE) are down more than 19% Thursday morning after the company's second-quarter earnings missed view.

The company reported net loss of $11.1 million or $0.79 per share in the second quarter compared with net loss of $10 million or $0.83 per share in the year-ago period. On average, 6 analysts polled by Thomson Reuters expected the company to report loss of $0.55 per share.

The company had an interest expense of 1.14 million in the quarter compared with 333,903 last year.

Net revenue for the quarter, however, increased 64% year-over-year to $22.1 million. The consensus estimate was for $24.26 million.

CSSE is at $24.03 currently. It has traded in the range of $9.48- $47.72 in the last one year.

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