WesternOne Inc. announced audited consolidated earnings results for the fourth quarter and year ended December 31, 2015. Fourth quarter consolidated revenue was $35.9 million, gross profit of $13.1 million and adjusted EBITDA of $6.3 million, compared to the respective amounts of $88.2 million, $18.5 million and $8.1 million in fourth quarter of 2014. Net loss from continuing operations attributable to shareholders was $10.6 million or $0.27 per share, compared with net income of $12.5 million or $0.33 per share in fourth quarter of 2014. Excluding these non-cash items on an after-tax basis, net loss would have been $1.5 million or $0.04 per share, compared to net loss of $2.0 million or $0.05 per share in the prior year after adjusting for like items.

For the full year, revenue was $233.0 million, adjusted EBITDA was $26.6 million, net loss from continuing operations was $19.8 million or $0.50 per share and net loss was $19.5 million or $0.49 per share against revenue of $373.9 million, adjusted EBITDA of $42.3 million, net income from continuing operations of $18.2 million or $0.55 per share and net loss of $10.9 million or $0.33 per share a year ago.

Included in the net loss was non-cash pre-tax impairment charges on goodwill, intangible assets and fixed assets of $50.6 million in the fourth quarter of 2015.