07:06 AM EDT, 03/11/2025 (MT Newswires) -- Pollard Banknote ( PBKOF ) late on Monday said it swung to a net loss in the fourth quarter despite an increase in revenue.

The net loss was $1.8 million, or $0.06 per share, compared with income of $11.3 million, or $0.41 per share. Analysts surveyed by FactSet expected earnings of $0.34 per share. Revenue increased to $140.3 million from $135.5 million, but missed the $147.2 million that analysts forecast, as compiled by FactSet.

Adjusted EBITDA edged lower to $25.2 million from $25.7 million. Adjusted EBITDA was negatively impacted by manufacturing issues related to the company's instant ticket production.

Pollard flagged uncertainty regarding the nature, extent and duration of trade measures such as tariffs within North America. The current structure of the business model is expected to help mitigate any negative impact, as well as the ability to produce almost all products sold to U.S. customers in U.S. manufacturing facilities, the company said.

Pollard's board declared a cash dividend of $0.05 per common share for the period from January. 1 to March 31, payable on April 15 to shareholders of record on March 31.