Nordic American Offshore Ltd. (NAO) on Thursday reported a loss of $4.4 million in its fourth quarter.
The Hamilton Hm Ex, Bermuda-based company said it had a loss of 19 cents per share.
The supplier for offshore platforms posted revenue of $6.7 million in the period.
For the year, the company reported a loss of $10.8 million, or 47 cents per share, swinging to a loss in the period. Revenue was reported as $34.8 million.
The company’s shares closed at $4.13. A year ago, they were trading at $11.12.