05:02 PM EDT, 05/13/2025 (MT Newswires) -- Dye & Durham ( DYNDF ) after trade Tuesday reported a fiscal third-quarter loss "relatively unchanged" from a year earlier, while revenues were slightly higher, as it unveiled its new growth strategy and highlighted "early progress" under the leadership of its new board and interim chief executive Sid Singh.

The company, which makes software for the legal industry, said it lost $21.8 million in the quarter ended March 31, compared to a year-prior loss of $21.1 million.

Revenue was up 1% to $108.3 million, but Annual Recurring Revenue (ARR) was up $28.4 million to $153.9 million, representing 36% of total revenue.

Among other highlights, it said net cash provided by operating activities was $29.4 million in Q3 FY2025, compared to $35.0 million in Q3 FY2024.

According to the company, its new growth strategy is focused on customer experience and is built around three strategic pillars: Customers First, Product Transformation, and Portfolio Optimization. The company said in the last four months it took actions to "build customer trust, reinvest in our people across customer support, product, and research and development, and refocus our portfolio".

"The fundamentals of our core operations continue to perform well despite uncertainties in the macroeconomic environment," said chief financial officer Frank Di Liso.

The company's shares closed up $0.41, or 4.3%, to $9.88 on the Toronto Stock Exchange.