Pangaea Logistics Solutions Ltd. (PANL) reported a loss of $4.8 million in its fourth quarter.
On a per-share basis, the Newport, Rhode Island-based company said it had a loss of 14 cents.
The maritime logistics company posted revenue of $55.9 million in the period.
For the year, the company reported net income of $11.3 million, or 32 cents per share, swinging to a profit in the period. Revenue was reported as $287.3 million.