04:42 PM EDT, 08/13/2024 (MT Newswires) -- Conifex Timber ( CFXTF ) on Tuesday reported a wider than expected loss for the second quarter even as revenue rose.

The company said it lost $9.7 million, or $0.24 per share, for the quarter compared to a loss $9.2 million, or $0.23, the year-earlier quarter. The consensus forecast from Capital IQ was for a loss of $0.13.

Revenue of $31.8 million was up 17% from $27.2 million a year earlier.

EBITDA was negative $7.1 million for the quarter compared to negative $8.7 million in the second quarter of 2023 and versus the consensus forecast at Capital IQ for a negative $3 million.

The company said it is expected lumber price to improve, even as it worries about the impact of a possible labor disruption for the rail industry beginning later this month.

"With the length of our supply chain in the waterborne transport, northern region of the Mackenzie TSA we are closely managing our log inventories with the potential strike from our rail transportation providers, the company said.

Conifex shares closed unchanged at $0.305 on the Toronto Stock Exchange.