05:17 PM EDT, 05/02/2024 (MT Newswires) -- FLINT Corp. ( NWPIF ) Thursday said its first-quarter loss widened on lower revenue.

The company said it lost C$5.01 million, or C$0.05 per share, in the period, compared with a loss of C$3.33 million, or C$0.03, in the year-prior quarter.

Revenue fell 2.8 to C$146.26 million from C$150.48 million. The company said the drop was due to the timing of maintenance and construction work, partially offset by an increase in environmental services.

"We continue to execute our organic growth strategy that targets both industrial end market and geographic diversification. During the quarter, we made additional investments in our business development team to support our organic growth strategy. We are already seeing the benefits of these investments with the booking of new contract awards and renewals during the first quarter that are estimated to generate approximately $201.5 million in backlog and the expansion of our geographic footprint in Canada," chief executive Barry Card said in a statement.

FLINT provides solutions for the Energy and Industrial markets including: Oil & Gas (upstream, midstream and downstream), Petrochemical, Mining, Power, Agriculture, Forestry, Infrastructure and Water Treatment.