IAR Systems Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was SEK 125 million compared to SEK 105.7 million a year ago. Net income was SEK 14.6 million compared to net loss of SEK 105.4 million a year ago. Basic earnings per share from continuing operations was SEK 1.07 compared to basic loss per share from continuing operations of SEK 7.72 a year ago. Diluted earnings per share from continuing operations was SEK 1.06 compared to diluted loss per share from continuing operations of SEK 7.72 a year ago.
For the full year, sales was SEK 470.1 million compared to SEK 420.3 million a year ago. Net income was SEK 57.8 million compared to net loss of SEK 67.4 million a year ago. Basic earnings per share from continuing operations was SEK 4.23 compared to basic loss per share from continuing operations of SEK 4.94 a year ago. Diluted earnings per share from continuing operations was SEK 4.2 compared to diluted loss per share from continuing operations of SEK 4.94 a year ago.