12:03 PM EST, 12/10/2024 (MT Newswires) -- SSC Security Services ( SECUF ) overnight Monday said its fiscal fourth-quarter loss was steady as it reported a uptick in revenue.

The company said it lost $146,000, or $0.01 per share, in the quarter ended Sept. 30, unchanged from the year-prior period.

Revenue rose to $29.61 million from $29.21 million, while adjusted EBITDA fell 20% to $1.24 million, or $0.07 per share, from $1.55 million, or $0.08.

"Additional growth may come via acquisition, as we look to acquire other companies in the Canadian security industry. Additional acquisitions will help us reach our goals more quickly, but we will not rush to complete new deals, and we will maintain our financial conservatism throughout" said SSC Security in a statement.

The company's board declared a cash dividend of $0.03 per share for the quarter ending Dec. 31, representing $0.12 per share on an annualized basis.

SSC also said it intends to renew its normal course issuer bid (NCIB) for up to 1.15 million shares, representing about 10% of SSC's public float, with the bid set to start on Jan. 6, 2025, and run for 12 months.

SSC shares were last seen up $0.02 to $2.70 on the TSX Venture Exchange

Price: 2.70, Change: +0.02, Percent Change: +0.75