IAR Systems Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was SEK 135 million compared to SEK 125 million a year ago. Net loss was SEK 255.5 million compared to net income of SEK 14.6 million a year ago. Basic loss per share from continuing operations was SEK 18.79 compared to basic earnings per share from continuing operations of SEK 1.07 a year ago. Diluted loss per share from continuing operations was SEK 18.79 compared to diluted earnings per share from continuing operations of SEK 1.06 a year ago.
For the full year, sales was SEK 494.2 million compared to SEK 470.1 million a year ago. Net loss was SEK 229 million compared to net income of SEK 57.8 million a year ago. Basic loss per share from continuing operations was SEK 16.84 compared to basic earnings per share from continuing operations of SEK 4.23 a year ago. Diluted loss per share from continuing operations was SEK 16.84 compared to diluted earnings per share from continuing operations of SEK 4.2 a year ago.