07:34 AM EDT, 05/16/2025 (MT Newswires) -- Bri-Chem ( BRYFF ) on Friday reported that its first-quarter adjusted net loss narrowed significantly.

The oilfield chemical distribution and blending company said the adjusted net loss, which does not include most one-item items, improved to $618,000 or $0.02 per share, from $1.8 million, or $0.07 per share, in the prior year period.

Quarterly sales fell 7%, to $20 million. The decrease is primarily due to decreased U.S. drilling activity, driven by a lower average rig count, the company said.