05:13 PM EDT, 04/11/2024 (MT Newswires) -- Caldwell Partners International ( CWLPF ) on Thursday said its fiscal second-quarter loss narrowed despite a drop in revenue.

The talent-acquisition company said it lost C$865,000, or C$0.03 per share, in the quarter ended Feb.29, compared to a loss of C$2.32 million, or C$0.09, in the year-prior period.

Revenue fell 18% to C$17.69 million from C$21.45 million.

"We saw modest sequential improvement in our results, as the softness in executive search bookings that we experienced in the first quarter dampened our second quarter revenue," chief executive John Wallace said in a release.

Caldwell shares closed up C$0.02 to C$0.70 on the Toronto Stock Exchange.