07:17 AM EDT, 05/22/2025 (MT Newswires) -- Computer Modelling Group ( CMDXF ) on Thursday said fourth-quarter earnings declined even as revenue advanced.

The company reported net income of $5.1 million, or earnings per basic and diluted share of $0.06, for the three months ended March 31, compared with $7.2 million, or $0.09 per share, a year earlier. EPS missed a consensus estimate compiled by FactSet of $0.10.

Total revenue increased to $33.7 million from $32.3 million in the prior corresponding period, coming in below a consensus estimate compiled by FactSet of $36 million.

The company also declared a cash dividend of $0.05 per common share, unchanged from the prior quarter, payable on June 13 to shareholders of record at the close of business on June 5.

"As we look forward to fiscal 2026, excluding any impact from future acquisitions, we anticipate a reduction of between $6-$7 million in professional services revenue compared to fiscal 2025 which may make it challenging to demonstrate total revenue growth," said the company in a statement. "Adjusted EBITDA and Adjusted EBITDA Margin may also show limited growth due to anticipated delays in cost-saving measures in taking effect, but this impact is expected to be limited to fiscal 2026."

Shares of the company closed down 3.6% to $8.2 on Wednesday on the Toronto Stock Exchange.