05:26 PM EST, 12/16/2024 (MT Newswires) -- Quipt Home Medical ( QIPT ) after trade Monday reported a wider fourth-quarter net loss despite higher revenue.

The company said it lost US$3.2 million compared with US$1.3 million in the year-prior quarter.

Revenue for the quarter ended Sept. 30 rose 3% to US$61.3 million from US$59.6 million. Sequential organic revenue growth was about 1%, the company said.

"In the fourth quarter, we returned to positive sequential organic revenue growth, which demonstrates the regained momentum in our business. As we move into calendar 2025, we are seeing strengthening trends across our major product categories, supported by solid referral activity and steady demand for our end-to-end respiratory care solutions," Chief Financial Officer Hardik Mehta said.

Adjusted earnings before interest, taxes, depreciation, and amortization for the quarter declined 8.8% to US$13.4 million from US$14.7 million a year prior.

Quipt shares closed up $0.09 to $4.38 on the Toronto Stock Exchange.