08:08 AM EST, 03/05/2025 (MT Newswires) -- CareRx ( CHHHF ) , which provides pharmacy services to seniors in care communities, on Wednesday said its fourth-quarter net loss narrowed and adjusted earnings per share beat estimates.

The net loss came in at $2.2 million or $0.04 per share, compared with a net loss of $3.7 million or $0.06 per share, for the same quarter in the previous year. The decrease was due to lower finance costs.

Adjusted earnings per share was $0.12, just below the prior year period's $0.13, but above the consensus estimate of $0.02 according to FactSet. Revenue edged up to $92.2 million, from $91.1 million for the prior year period.

"Throughout 2024, CareRx ( CHHHF ) has continued to strengthen its financial and operational performance, positioning itself for the growth opportunities in the coming year," said chief executive officer Puneet Khanna. "Our investments in operational efficiency and automation have enhanced our ability to scale without a proportional increase in costs, contributing to a stronger balance sheet."