Clean Diesel Technologies Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of $9.7 million compared to $8.7 million a year ago. Loss from continuing operations was $2.7 million compared to $3.1 million a year ago. Loss from continuing operations before income tax was $1.2 million compared to $2.6 million a year ago. Net loss from continuing operations was $0.9 million compared to $2.6 million a year ago. Net loss was $0.9 million compared to $2.7 million a year ago. Basic and diluted loss per share was $0.05 compared to $0.20 a year ago.

For the year, the company reported revenues of $39.7 million compared to $41.2 million a year ago. Loss from continuing operations was $10.3 million compared to $7.6 million a year ago. Loss from continuing operations before income tax was $8.8 million compared to $9.0 million a year ago. Net loss from continuing operations was $8.4 million compared to $9.1 million a year ago. Net loss was $8.5 million compared to $9.3 million a year ago. Basic and diluted loss per share was $0.54 compared to $0.78 a year ago.

The company provided revenue guidance for the full year 2016. For the year, the company expects revenue to be between $39 million and $43 million. The company expected gross margins to be between 27% and 29%.

For the fourth quarter of 2016, the company targeting to be break even on an income from continuing operations.