04:39 PM EDT, 08/08/2025 (MT Newswires) -- Clarke Inc. ( CLKFF ) after trade Friday said it swung to a second-quarter loss while its revenue rose year-over-year.

The company lost $100,000, or $0.01 per share, in the period, compared with earnings of $1.8 million, or $0.13, a year ago. The company said the loss this quarter was mainly due to certain interest outlays expensed in the current period, compared to a portion in the prior period that had been capitalized due to ongoing construction.

Revenue, comprised of hotel and rental revenue, and provision of services revenue, was $19.6 million, up from $17.4 million in the year-ago quarter.

The company said that during the quarter, it refinanced its Talisman development loan. The new $250-million facility includes a $115-million term loan, which was partly used to repay the original $85 million loan from phase one, and a $135-million construction loan to fund phase two.

Clarke shares closed down $3.16 to $31.84 on the Toronto Stock Exchange.