Shares of the company, known for its games based on celebrities such as Kendall and Kylie Jenner and Kim Kardashian, fell 14% in extended trading on Tuesday.

The company said it expected to incur pre-tax charges of about $2.25 million-$3.0 million related to the restructuring, expected to be completed by Dec. 31.

Of this, about $1.5 million in charges related to employee severance and benefits will be incurred in the current quarter. Glu expects to take about $750,000-$1.5 million in lease, contract termination and other costs over the year that started in April.

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The company forecast current-quarter adjusted revenue of $46 million-$49 million. Analysts on average were expecting $59 million, according to Thomson Reuters I/B/E/S.

Adjusted net sales fell 13.5% to $54 million in the first quarter ended March 31, missing the average analyst estimate of $54.5 million.

The company reported a net loss of $8.6 million, or 7 cents per share, compared with a profit of $1.1 million, or 1 cent per share, a year earlier.

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Excluding items, Glu had a loss of 3 cents per share, smaller than the 5 cents analysts on average had expected.

Shares of Glu, which is set to launch “Britney Spears: American Dream” and “Gordon Ramsay: Dash” games in the second half, were trading at $2.30 after the bell.