Vadsbo SwitchTech Group AB (publ) reported earnings results for the fourth quarter and full year ended December 31, 2021. For the fourth quarter, the company reported sales was SEK 11.83 million compared to SEK 13.27 million a year ago. Revenue was SEK 12.25 million compared to SEK 13.72 million a year ago. Net income was SEK 1.73 million compared to net loss of SEK 0.553 million a year ago. Basic earnings per share from continuing operations was SEK 0.12 compared to basic loss per share from continuing operations of SEK 0.038 a year ago. Diluted earnings per share from continuing operations was SEK 0.109.
For the full year, sales was SEK 39.03 million compared to SEK 37.58 million a year ago. Revenue was SEK 39.62 million compared to SEK 38.51 million a year ago. Net income was SEK 2.26 million compared to net loss of SEK 1.23 million a year ago. Basic earnings per share from continuing operations was SEK 0.156 compared to basic loss per share from continuing operations of SEK 0.085 a year ago. Diluted earnings per share from continuing operations was SEK 0.142.