04:38 PM EDT, 08/21/2024 (MT Newswires) -- EverGen Infrastructure ( EVGIF ) after trade Wednesday said its second-quarter loss narrowed on a near-doubling of revenue.

The renewable natural-gas company said it lost $875,000, or $0.05 per share, in the period, compared with a loss of $891,000, or $0.06, in the year-prior quarter.

Revenue rose 96% to $4.24 million from $$2.16 million. The rise was "primarily due to record RNG production and associated revenues from the completion and successful post commissioning operation of the FVB (Fraser Valley Biogas) RNG project in December 2023 and the commencement of RNG production at Grow the Circle Energy", it said.

EverGen reported adjusted EBITDA $1.12 million, up from $382,000.

"The second quarter demonstrated continued revenue growth across the EverGen platform," said chief executive Mischa Zajtmann. "With the FVB facility proven in operation approaching full capacity and major strides in our development pipeline, we are well positioned for significant, sustained growth as we continue to scale our operations and lead in the renewable energy space."

The company's shares closed up $0.02 to $2.10 on the TSX Venture Exchange.