After reviewing the value of the LendingTree name, Tree.com reported that its losses were deeper than initially reported for the year 2011.
Under the revised numbers, the Charlotte company lost $59.5 million over the year. In February, Tree.com reported 2011 losses of $45.8 million.
The losses associated with the trademark are non-cash charges. The initial results included a $5.9 million markdown. After the review, it jumped to $29 million.
The new numbers came out in a securities filing and annual report released Tuesday. The trademark review delayed the issuance of the annual report.
The company's stock (Nasdaq: TREE) was up nearly 3 percent today.
Tree.com's fourth quarter was still considered a success as the company transforms back into a purely lead generation company from its foray into its own lending.
The company maintained the same predictions for 2012: earnings between $3 million and $4 million from its core business.