Sotherly Hotels Inc. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 26.04 million compared to USD 23.85 million a year ago. Revenue was USD 41.34 million compared to USD 35.08 million a year ago. Net income was USD 5.09 million compared to net loss of USD 15.73 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to basic loss per share from continuing operations of USD 1.06 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to diluted loss per share from continuing operations of USD 1.06 a year ago.
For the full year, sales was USD 109.55 million compared to USD 88.63 million a year ago. Revenue was USD 166.08 million compared to USD 127.59 million a year ago. Net income was USD 32.54 million compared to net loss of USD 26.22 million a year ago. Basic earnings per share from continuing operations was USD 1.4 compared to basic loss per share from continuing operations of USD 2.15 a year ago. Diluted earnings per share from continuing operations was USD 1.35 compared to diluted loss per share from continuing operations of USD 2.15 a year ago.