iVillage, Inc. (Nasdaq: IVIL) fell 11/16 to 10 11/16 Thursday, after the Internet network aimed at women reported a first-quarter loss and said its chief financial officer had resigned.
The New York-based iVillage said revenue for the quarter rose to $20.8 million from $6.5 million a year earlier, as the number of members and newsletter subscribers grew. Traffic also rose, with 155 million average monthly page views, up 72 percent from a year earlier. Yet the company reported a net loss of $25.2 million, or 85 cents a share, compared with a pro forma net loss of $17.6 million, or 96 cents, in the same period last year.
Separately, iVillage said Craig Monaghan, CFO since 1998, resigned to take the same position at AutoNation, Inc. (NYSE: AN). Scott Levine, iVillage’s controller and chief accounting officer, will serve as interim CFO while the company looks for a successor.
Monaghan is the second member of iVillage’s management team to resign in recent days. Last Thursday, the company said Allison Abraham resigned as chief operating officer to become president of Lifeminders.com.