NN: Q4 Financial Overview

NN Inc. Reports Fourth Quarter and Annual Financial Results

In its latest quarterly update, NN Inc., headquartered in Charlotte, North Carolina, announced a net loss of $12.5 million for the fourth quarter.

The company’s loss per share for the quarter was 35 cents. After adjusting for one-time expenses, the loss per share was less than one cent.

During the quarter, NN Inc. generated $104.7 million in revenue, which did not meet analysts’ expectations. According to a survey by Zacks, analysts had anticipated revenue of $106.3 million.

For the full year, NN Inc. reported a total loss of $34 million, or $1.07 per share. Annual revenue reached $422.2 million.

Looking ahead, the company forecasts its revenue for the upcoming year to be between $445 million and $465 million.