04:57 PM EDT, 05/08/2025 (MT Newswires) -- Altus Group ( ASGTF ) Thursday after-hours reported its first-quarter loss halved as revenue rose slightly.

The company, a provider of commercial real-estate technologies, said its loss from continuing operations, narrowed to $6.4 million, or $0.12 per share, from $12.2 million, or $0.27.

Revenue rose 1.5%, to $129.2 million.

Altus is guiding to a 1% to 3% revenue growth for the second quarter.

"Our strong performance in Q1 demonstrates the continued execution of our growth initiatives and our commitment to delivering value to stakeholders," said Jim Hannon, chief executive officer. "We successfully launched Benchmark Manager, signed dozens of asset-based pricing agreements, and achieved significant software bookings growth despite lower CRE transaction volumes year-over-year."

The company closed up $0.10 to $52.31 on the Toronto Stock Exchange.