ATRM Holdings, Inc. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Sales Guidance for the First and Second Quarter and Remainder of Fiscal Year 2016
For the year, the company reported net sales of $25.6 million compared to $33.1 million in last year. Loss from continuing operations amounted to approximately $5.4 million compared to $9.0 million in last year. Net loss was approximately $3.3 million or $2.26 per share compared to $8.3 million or $7.55 per share in last year. The company reported loss from continuing operations before income taxes of $3.3 million compared to $9.7 million, loss from continuing operations of $3.3 million or $2.26 per share compared to $9.2 million or $8.33 per share for the last year.
Although first quarter of 2016 sales will reflect a typical seasonal slowdown, The company expects sales in second quarter of 2016 and the remainder of fiscal year 2016 will show substantial increases over prior year levels.