07:03 AM EDT, 03/24/2025 (MT Newswires) -- Maxim Power ( MXGFF ) over the weekend said it swung to a loss in the fourth quarter from year-ago profit.

The company reported a net loss of $341,000, or $0.01 per diluted share, compared with a net income of $19.5 million, or $0.32 per diluted share, a year-ago. Revenue for the quarter decreased to $24 million compared with $39 million a year earlier. Fourth-quarter free cash flow was negative $1 million compared with positive $33.8 million in the same quarter of the previous year.

Maxim also agreed on Feb. 18 to sell two wholly owned units, Summit Coal Limited Partnership and Summit Coal Inc., to Valory Resources with closing expected in the first half.