12:02 PM EDT, 03/11/2025 (MT Newswires) -- (Updates shares.)

Pollard Banknote ( PBKOF ) late on Monday said it swung to a loss in the fourth quarter despite higher revenue.

The company said it lost $1.8 million, or $0.06 per share, in the quarter compared with a profit of $11.3 million, or $0.41 in the year-prior period, as it booked a $4.2-million unrealized loss on foreign exchange. 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 dividend of $0.05 per share for the first quarter, payable on April 15 to shareholders of record on March 31.

The company's shares were last seen down $3.06 to $21.79 on the Toronto Stock Exchange.

Price: 21.79, Change: -3.06, Percent Change: -12.31