Weak box office performances by their latest films have created a number of financial problems for DreamWorks Animation, and now the company has even more cause for concern. DreamWorks shares fell nine percent in after-hours trading on Tuesday after the studio announced they are continuing to suffer from quarterly losses and are now under investigation by the Securities and Exchange Commission.

According to DreamWorks Animation’s deputy chief financial officer Rich Sullivan, the S.E.C. is conducting an inquiry “relating to the write-down of film inventory on Turbo.” DreamWorks wrote off $13.5 million in costs for the film, and initially predicted that it would make money last summer despite weak initial ticket sales. Sullivan told analysts during a conference call on Tuesday that the company is cooperating with the investigation, but declined to comment further.

News of the S.E.C. investigation broke out just after the company reported a second consecutive quarter of losses; during the quarter that ended on Jun. 30, DreamWorks lost $15.4 million. This is a stark and concerning difference from the profit of $22.3 million they had earned during the same period in 2013. Analysts expected a loss of $0.02 per share this quarter, but were met with a massive loss of $0.18 per share. The lack of a hit movie combined with the timing of payments for television rerun rights caused overall revenue to drop 43 percent to $122.3 million.

Making financial matters worse, DreamWorks Animation’s chief executive Jeffrey Katzenberg announced that DreamWorks’ next two releases, The Penguins of Madagascar and Home, had their release dates changed, which raised the cost of the two films. They will now cost $135 million each, nearly 13 percent more than expected. Katzenberg hopes that making his company less dependent on volatile movie releases by aggressively expanding into television production, online entertainment, and consumer products will help DreamWorks resolve their current money issues. Katzenberg recently hired former Walt Disney Studios president Mark Zoradi as chief operations officer of the company in hopes that Zoradi will help him accomplish this goal.

When analysts asked Katzenberg about the disappointing domestic performance of How to Train Your Dragon 2, which has taken in 24 percent less in North America than the original, the chief executive tried to remain optimistic.

“I think it’s a bit too early for us to do our post mortem,” he said. “We are doing some extensive research on this so it’s not just our own gut.”

He believes that “it will be a highly profitable film,” despite its weakness in both the United States and Canada.