07:24 AM EDT, 03/20/2025 (MT Newswires) -- Baylin Technologies ( BYLTF ) on Thursday said its fourth-quarter net loss narrowed as revenue advanced.

The wireless technology company said the net loss narrowed to $4.9 million, or $0.03 per share, which included an impairment change of $2.6 million for the Satcom business line. Baylin ( BYLTF ) reported a net loss of $6.9 million, or $0.07 per share, in the prior year period.

Revenue increased 29% to $20.8 million, helped by sales volume increases in the Embedded Antenna and Wireless Infrastructure business lines.