10:23 AM EDT, 08/29/2025 (MT Newswires) -- Atlas Engineered Products ( APEUF ) was down near 9% at last look and had posted fresh 52 week lows after it reported Friday a swing to a second-quarter adjusted loss as revenue fell because of both Canadian and U.S. political and tariff uncertainties, which delayed builder deliveries, even as 'quoting' increased over the first half of this year.

Adjusted net loss, which excludes most one-time items, was near $0.71 million, or $0.01 per basic and full dilute share, compared with an adjusted profit of near $0.71 million, and $0.01 per share, in the prior year period.

Revenue dipped to $13.7 million, from $15.1 million, last year.

Still, the company said 'quoting' has increased by nearly $34 million from January to July this year, compared with the same period in 2024. It added while orders have been steady, a lot of the quoting activity relates to jobs that are being held currently. Despite this July 2025 resulted in approximately $6 million in revenues, excluding recent acquisitions in 2025, compared to $5.25 million in July of 2024, it noted.

Atlas expects that orders will increase with the announcement of government incentives and programs for the construction industry. The company is investing in automation efficiency, training an aggressive and proactive salesforce, and expanding manufacturing capacity.

"The second quarter presented challenges, because of both Canadian and U.S. political and tariff uncertainties, which delayed builder deliveries. However, our sales team maintained an assertive approach, successfully generating orders within a competitive market and increasing our truss board footage output over the prior period, which ensured robust production activity," said Chief Executive Hadi Abassi.

The company's shares are down $0.07, to $0.72, on the TSX Venture Exchange.

Price: 0.73, Change: -0.06, Percent Change: -7.59