05:42 PM EDT, 08/14/2024 (MT Newswires) -- Big Rock Brewery ( BRBMF ) Wednesday said swung to a second-quarter despite weaker sales.

The company said it earned $0.22 million, or $0.03 per share in the period. compared with a loss of $0.34 million, or $0.05, in the year-prior quarter. .

Revenue dropped 2.8% to $12.3 million. primarily due to reduced co-packing activity.

Adjusted EBITDA decreased to $200,000 from $1.2 million.

"While financial results during the quarter reflected the headwinds we faced as an organization (softened demand associated with a more temperate Spring, restrictions on water and the absence of some contracted co-packing volumes)," Chief Executive Officer David Kinder said "we have been busy making what we believe are material improvements to our business and cultivating relationships that will provide foundational product volumes upon which we can continue to build our business."

The company's shares closed down $0.09 to $1.30 on the Toronto Stock Exchange.