WesternOne Inc. announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported revenue from continuing operations of $20.7 million against $20.5 million a year ago. Adjusted EBITDA was $3.1 million against $4.5 million a year ago. Net loss from continuing operations was $31.9 million against income of $29.3 million a year ago. Net loss was $42.5 million against $10.2 million a year ago. Loss per share from continuing operations was $1.87 against income of $25.87 a year ago. Loss per share was $2.50 against $8.98 a year ago.

For the year, the company reported revenue from continuing operations of $68.9 million against $83 million a year ago. Adjusted EBITDA was $8.0 million against $18.2 million a year ago. Net loss from continuing operations was $62.7 million against income of $18.1 million a year ago. Net loss was $82.8 million against $19.5 million a year ago. Loss per share from continuing operations was $8.25 against income of $16.03 a year ago. Loss per share was $10.90 against $17.28 a year ago.

Included in the net loss was non-cash pre-tax impairment charges on goodwill and intangible assets of $18.5 million in fourth quarter of 2016, in light of the weak equipment rentals market conditions in Western Canada.