12:19 PM EDT, 08/25/2025 (MT Newswires) -- DMG Blockchain Solutions ( DMGGF ) on Monday reported a narrowed fiscal third-quarter loss.

For the three-months ended June 30, the company's loss dropped to $0.4 million, or nil per share, compared with $3.8 million, or $0.02, a year earlier.

The loss narrowed mainly due to a reduction in operating and maintenance costs, realized gains on the sale of digital currency and foreign exchange gains.

Revenue for the quarter increased to $11.6 million compared with $8.3 million, a year-ago, beating a consensus estimate compiled by FactSet of $11.2 million.

"With a foundation of a strong balance sheet with $134 million in assets and increasing momentum among our key initiatives, we believe we can continue to generate cash while capitalizing on our initiatives for new revenue growth," said Chief Executive Sheldon Bennett.

Shares of the company were last seen down $0.015 to $0.26 on the TSX Venture Exchange.

Price: 0.26, Change: -0.02, Percent Change: -5.45