07:25 AM EST, 01/30/2025 (MT Newswires) -- Flow Beverage ( FLWBF ) , which sells health-oriented beverage products, on Thursday said its net loss narrowed and revenue increased in the fourth quarter.

The company is forecasting higher revenue for fiscal 2025 as it progresses towards profitability and positive cash flow.

Flow reported an adjusted EBITDA loss of $2.6 million for the quarter ended Oct. 31, compared with a loss of $10.5 million a year earlier.

The company reported fourth quarter consolidated net revenue of $11.8 million, a 22% increase compared with $7.1 million in the prior year period.

"At our Aurora production facility, we have four production lines running with two additional production lines just months away from commissioning," said Flow Beverage ( FLWBF ) Chief Executive Nicholas Reichenbach.

Restructuring and other transaction costs increased by 83% to $2.9 million for the year ended Oct. 31, compared to $1.6 million a year earlier.

In fiscal year 2025, Flow expects net revenue to be between $72 million and $82 million, gross margin between 38% and 48%, and adjusted EBITDA between $6 million and 11 million.

Shares of the company closed flat at $0.16 on Wednesday on the Toronto Stock Exchange.