MOUNT-ROYAL, Quebec (AP) _ DavidsTea Inc. (DTEA) on Friday reported a loss of $33 million in its fiscal first quarter.

The Mount-Royal, Quebec-based company said it had a loss of $1.27 per share. Losses, adjusted for non-recurring costs, came to 16 cents per share.

The beverage company posted revenue of $23.3 million in the period.

The company's shares closed at 88 cents. A year ago, they were trading at $1.59.

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