The marketer of branded contemporary footwear saw revenue decline and expenses spike, both of which dented the bottom line.
For the period ended Jun. 30, 2011, the Laguna Beach, Calif.-based firm lost $508,000. In the same period a year ago, the firm lost $131,000, or zero cents a share.
Revenues fell 23 percent to $170,000, due to the company shipping the majority of its spring merchandise to retailers, and therefore accounting for the sales in the first quarter.
Selling, general and administrative expenses were $489,000, compared with $194,000 a year ago. Auri incurred $201,000 of public company expenses, including $122,500 of non-cash stock-based compensation expense.
The firm ended the quarter with cash and cash equivalents of $233,000, down from $406,000 as of Dec. 31, 2010.