Since the quarter is outside of tax season, it is a three-month period in which tax companies do not make money.

The Newport News, Va.-based company reported $6.8 million for the quarter, down 12.8 percent from $7.8 million in last year’s corresponding period. A big factor in the increased loss was a 35.6-percent drop interest income to $1.5 million from $2.1 million. The company said that was related to a reduction in working capital loans to franchisees.

There was also a roughly $600,000 decrease in other revenues. This is income from acquisition of area developers and franchisee operations for less than their value.