05:26 PM EDT, 09/04/2024 (MT Newswires) -- Dye & Durham ( DYNDF ) on Wednesday said it fiscal fourth-quarter loss narrowed even as revenue was mostly flat.

The company, which makes software for the legal industry, said it lost $105.2 million in the quarter ended June 30, which it said was $16 million less than the year-prior quarter. Per share amounts were not disclosed.

Revenue was $120.1 million, down from $120.2 million a year earlier, though it noted including the effects of a divestiture, revenue rose 15%.

The company reported leveraged free cash flow of $32 million in Q4 FY2024; adjusted EBITDA was up 5% to $69 million in Q4 FY2024 and up 6% to $258 million in FY2024.

"We continue to see strong business momentum, with notable ARR growth and solid free cash flow," said CEO Matthew Proud. "Our focus on enhancing platform functionality for our customers is reinforcing our market leadership position, and we're pleased with the robust organic growth we're achieving, while reducing our leverage ratio."

Dye & Durham ( DYNDF ) shares closed up $0.03 to $14.00 on the Toronto Stock Exchange.