08:16 AM EDT, 06/17/2025 (MT Newswires) -- Flow Beverage ( FLWBF ) on Tuesday reported a wider net loss in the second quarter and appointed Paul Dowdall as chief financial officer.

The company reported a net loss of $10.5 million for the three months ended April 30, compared with $7 million a year earlier. The adjusted net loss for the quarter was $7.1 million, compared with $6.3 million a year-ago.

Revenue for Q2 decreased to $10 million, compared with $12.1 million in the prior year. It also missed consensus estimate compiled by FactSet of $15 million.

Flow brand net revenue decreased 49% year-over-year to $3.6 million in Q2 due to the exit of commercial partnerships with retail and food service partners in order to meet its profitability targets and temporary disruptions to production and fulfillment due to working capital constraints. Planet A co-packing net revenue increased 28% in the quarter which offset the decrease in Flow brand net revenue.

Shares of the company closed up 11% to $0.10 on Monday on the Toronto Stock Exhange.