04:25 PM EDT, 05/20/2025 (MT Newswires) -- Coveo Solutions ( CVOSF ) after trade Tuesday said its fiscal fourth-quarter loss widened even as revenue rose year-over-year.

The company said it lost US$6.3 million, or US$0.07 per share, in the quarter ended March 31, compared with a loss of US$4.1 million, or US$0.04, a year earlier. The result included an impairment loss of US$2.9 million related to shutting down the Qubit Platform, part of a strategic shift to focus all R&D, sales, and marketing on the core Coveo Platform.

Revenue rose 5.5% to US$34.4 million from US$32.6 million in the year-prior quarter.

For the first quarter of fiscal year 2026, the company expects Software-as-a-Service (SaaS) subscription revenue to be between US$33.5 million and US$34 million, total revenue of between US$34.9 million and US$35.4 million, and adjusted EBITDA to be a loss of between US$2 million and US$1 million.

For the full fiscal year, Coveo anticipates SaaS subscription revenue to range from US$141.5 million to US$144.5 million, and total revenue to fall between US$147.5 million and US$150.5 million. Adjusted EBITDA for the full year is expected to be approximately breakeven.

The company added that it expects to continue to deliver positive operating cash flows based on the above guidance of around US$10 million for fiscal year 2026.

Coveo shares closed unchanged at $7.00 on the Toronto Stock Exchange.