Jovian Capital Corp. has reported a reduced net loss for the three months ended September 30.

Jovian said the loss for the quarter was $500,000 compared to a loss of $800,000 a year ago, and adjusted for the change in accounting policy.

The firm said total revenue for the quarter was $14.2 million, almost double the $7.5 million from the year ago period.

Jovian said revenue increased as a result of its acquisitions over the past year, including T.E. Financial Consultants Ltd., Felcom Data Services Inc., and Leon Frazer & Associates Inc.

It said organic growth in Jovian’s two initial subsidiaries, Rice Financial Group Inc. and McFarlane Gordon Inc. also contributed to the positive results.

Total expenses for the quarter were $14.7 million, compared to $8.2 million the prior year. Jovian said the increase in expenses was the result of the company’s growth on a year-over-year basis.

“We remain focused on our strategy of growing Jovian’s wealth and asset management platforms and leveraging opportunities by creating a community of interest that maximizes operating efficiencies,” said Philip Armstrong, president and CEO.