Pacific Radiance Ltd. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was USD 8.27 million compared to USD 2.13 million a year ago. Net loss was USD 1.44 million compared to USD 32.32 million a year ago. Basic loss per share from continuing operations was USD 0.003 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.003 compared to USD 0.05 a year ago. Basic loss per share was USD 0.003 compared to USD 0.45 a year ago. Diluted loss per share was USD 0.003 compared to USD 0.45 a year ago.
For the full year, sales was USD 29.88 million compared to USD 9.85 million a year ago. Net income was USD 332.41 million compared to net loss of USD 44.16 million a year ago. Basic earnings per share from continuing operations was USD 1.643 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 1.643 compared to USD 0.02 a year ago. Basic earnings per share was USD 1.677 compared to basic loss per share of USD 0.62 a year ago. Diluted earnings per share was USD 1.677 compared to diluted loss per share of USD 0.62 a year ago.