05:31 PM EDT, 05/07/2025 (MT Newswires) -- Baylin Technologies ( BYLTF ) after trade Wednesday said it narrowed its first-quarter loss while its revenue declined year-over-year.

The wireless technology company said it lost $2.04 million, or $0.01 per share, in the period, compared with a loss of $2.76 million, or $0.02, a year ago. The company said net loss in this quarter was mainly driven by a $1.1 million operating loss, along with interest and other finance expenses.

Revenue fell to $18.87 million from $20.05 million in the year-ago quarter. The company said the drop was mainly due to weaker demand in the Embedded Antenna and Satcom segments, partially offset by higher sales in the Wireless Infrastructure segment. FactSet projected revenue of $19.6 million.

The company added that looking forward, it expects revenue from the Wireless Infrastructure business to grow in 2025, but higher tariffs may lead to overall financial results similar to 2024, which was a strong year. Revenue from the Embedded Antenna and Satcom segments is expected to decline due to tariff concerns and customer delays.

"The company is proactively taking steps to mitigate the effect of the tariffs across all of its business lines," it said.

Baylin ( BYLTF ) shares closed up $0.01 to $0.28 on the Toronto Stock Exchange.