05:21 PM EDT, 04/08/2025 (MT Newswires) -- Accord Financial ( ACCFF ) after trade Tuesday said it swung to a fourth-quarter loss as its revenue declined year-over-year.

The company lost $791,000, or $0.09 per share, in the period, compared with a profit of $3.70 million, or $0.43 per share, in the year-ago quarter.

Revenue fell to $21.22 million from $23.90 million in the same period of 2023.

"Accord closed the year a more streamlined business, with a more conservative balance sheet, but we couldn't sidestep the challenging credit environment, which impacted our earnings," Chief Executive Simon Hitzig said.

The company's shares closed unchanged at $3.20 on the Toronto Stock Exchange.