07:33 AM EDT, 03/13/2026 (MT Newswires) -- illumin Holdings (ILLM.TO) Friday reported a swing to a fourth-quarter loss.

The company reported a fourth-quarter loss of $4.8 million, compared with a profit of $4.1 million in the prior year period. Illumin ( ILLMF ) said the loss was primarily a result of lower adjusted EBITDA and a net foreign exchange loss of $1.1 million versus a gain of $3.6 million in the prior year period.

Revenue edged down to $43.1 million, from $49.9 million in the year ago period. Analysts polled by FactSet had expected $45.3 million.

"We closed the year with $43.8 million in cash, no debt, and positive cash from operations. Investments made in product development and platform upgrades during 2025 position us to support revenue growth efficiently as scalable segments expand. As we continue to improve operational efficiency, capital allocation remains disciplined. Despite changes in product mix affecting our gross margins, we expect to see increasing benefits from the restructuring actions we've taken as we continue throughout 2026," said interim chief financial officer Michael Amaro.