08:40 AM EST, 11/10/2025 (MT Newswires) -- Accord Financial ( ACCFF ) said Monday that third-quarter adjusted loss widened as revenue fell.

Adjusted loss widened to $1.9 million, or $0.22 per share, from $1.3 million, or $0.16 per share, in the prior year period.

Revenue fell to $15.8 million, from $21.2 million, over the same period. To address the decline in revenue, Accord has reduced overhead, with third quarter general and administrative expenses to $7 million, from $7.9 million in the same period last year.

"Throughout 2025, Accord's growth and profitability have been hampered by the debt side of the balance sheet. While we've achieved modest portfolio growth, and controlled operating expenses, we've been unable to realize the company's profit potential," said chief executive Simon Hitzig.