08:19 AM EDT, 06/17/2024 (MT Newswires) -- Flow Beverage ( FLWBF ) on Monday said its fiscal second-quarter loss narrowed on weaker sales.

The bottled-water company said it lost $7.03 million in the period ended April 30, compared with a loss of $10.13 million in the year-prior quarter. Per share results were not disclosed.

Revenue fell 14% to $12.06 million from $13.98 million, a drop it said came on weaker sales of Flow-branded products, but offset by growth in sales in non-branded products.

"While Flow brand net revenue has declined due to the exit of unprofitable commercial partnerships, we have significantly improved both gross margin and operating expenses. With our summer hydration campaign and refreshed Flow brand launching across North America next month and continued growth in our co-pack operation, we look forward to building on our momentum in profitable channels," chief executive Nicholas Reichenbach said in a release.

The company's shares closed up $0.005 to $0.21 Friday on the Toronto Stock Exchange.