05:10 PM EDT, 08/22/2024 (MT Newswires) -- EQ Inc ( CYPXF ) on Thursday said its second-quarter loss narrowed on higher revenue.

The software company said it lost $$475,000, or $0.01 per share, in the quarter, compared with a loss of $639,000, or $0.01, in the year-prior quarter.

Revenue edged up 1% to $2.57 million from $2.54 million.

"We continue to make significant strides with our data and AI led solutions. Our proprietary network of first party data continues to grow and combined with our strategic partnerships we have software and solutions that utilize AI to make data actionable," chief executive Geoffrey Rotstein said in a release.

EQ shares closed up $0.01 to $1.12 on the TSX Venture Exchange.