Clean Diesel Technologies Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $8.6 million against $9.701 million a year ago. Loss from continuing operations was $8.341 million against $2.622 million a year ago. Loss from continuing operations before income tax was $7.4 million against $1.15 million a year ago. Net loss from continuing operations was $7.640 million against $0.84 million a year ago. Net loss was $7.640 million against $0.9 million a year ago. Basic and diluted loss per share was $0.69 against $0.26 a year ago.

For the year, the company reported total revenues of $36.84 million against $39.74 million a year ago. Loss from continuing operations was $15.7 million against $10.32 million a year ago. Loss from continuing operations before income tax was $24.432 million against $8.821 million a year ago. Net loss from continuing operations was $23.5 million against $8.422 million a year ago. Net loss was $23.5 million against $8.534 million a year ago. Basic and diluted loss per share was $3.84 against $2.71 a year ago.

For the fourth quarter of 2016, the company reported goodwill impairment of $4.7 million.

For the full year 2017, the company expects revenue to be between $32.0 million and $35.0 million. The company expects gross margin to be between 23% and 25%.

The company targeting breakeven on an income from continuing operations basis in the second half of 2017.