07:28 AM EDT, 09/25/2025 (MT Newswires) -- Vecima Networks ( VNWTF ) Thursday swung to a loss in the fourth quarter as revenue declined and missed forecast.

For the three-months ended June 30, the company posted net loss of $13.2 million or adjusted loss per share of $0.05, compared with net income of $8.3 million or adjusted EPS of $0.29, a year earlier. The result missed consensus estimate compiled by FactSet on adjusted EPS of $0.08.

Revenue for the quarter decreased to $68.8 million compared with $87.5 million a year-ago, also missing consensus estimate compiled by FactSet of $69.4 million.

"Reported fourth quarter results also reflect the unusually sharp weakening of the U.S. dollar versus Q3 that reduced both revenues and margins in Canadian dollars," said Vecima Networks ( VNWTF ) chief executive Sumit Kumar.

"Reported bottom line results also carried one-time non-cash charges relating to an impairment of deferred development costs and an additional inventory reserve taken for certain cable and fiber access solutions that have since evolved to alternative solutions developed or acquired by Vecima."

Kumar anticipates a return to "strong" annual growth while achieving "new record" quarterly run rates as the company exits the year.

"We expect to pair this sales growth with improved gross margins throughout the year, reflecting an expected normalization of foreign exchange volatility and a more typical product mix. Moreover, as we add additional higher-margin products to the mix through the year, we anticipate a further gradual strengthening of gross profit margins," added Kumar.

Shares of the company closed up 4.3% to $10.95 on the Toronto Stock Exchange Wednesday.