11:57 AM EST, 02/12/2025 (MT Newswires) -- (Updates shares.)

Unisync ( USYNF ) on Wednesday said it narrowed its loss for the fiscal first quarter ended Dec. 31.

The apparel company booked a loss of $1.0 million, compared with a year-prior loss of $1.1 million, as it flagged a $1.4 million unrealized foreign exchange loss in the quarter.

Revenue declined 7% to $21.4 million due to lower revenue in the Unisync Group segment, which

provides corporate apparel and serves many leading Canadian and American iconic brands.

EBITDA in the quarter before adjusting for non-operating unrealized foreign exchange losses totaled $1.3 million compared to $1.2 million for the same quarter last year.

Unisync ( USYNF ) said it expects potential headwinds in fiscal 2025 due to the risk of a continued lower Canadian dollar driven by US tariffs, which would increase the cost of offshore production that is payable in US currency.

Unisync ( USYNF ) shares were last seen down $0.09 to $1.43 on the Toronto Stock Exchange.

Price: 1.43, Change: -0.09, Percent Change: -5.92