DALLAS (AP) — DALLAS (AP) — Ashford Inc. (AINC) on Thursday reported a loss of $4.5 million in its fourth quarter.

The Dallas-based company said it had a loss of $4.36 per share. Earnings, adjusted for non-recurring costs and stock option expense, came to $1.02 per share.

The asset management company serving the hospitality industry posted revenue of $206.8 million in the period.

For the year, the company reported that its loss narrowed to $4.6 million, or $13.69 per share. Revenue was reported as $765.9 million.

In the final minutes of trading on Thursday, the company's shares hit $2.79. A year ago, they were trading at $13.

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