01:58 PM EDT, 03/15/2024 (MT Newswires) -- Neo Performance Materials Inc. ( NOPMF ) on Friday reported a fourth-quarter net loss attributable to equity holders of the company of US$1.1 million ($1.5 million), or US$0.03 per diluted share, narrower than a loss of US$7.2 million, or US$0.16 per diluted share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was US$128.7 million, down from US$159.2 million a year earlier.

Adjusted EBITDA for Q4 was US$3.1 million, down from US$12.4 million a year earlier.

The company reported Q4 adjusted net income of US$901,000, or US$0.02 per diluted share, as compared with a loss of US$5.7 million, or US$0.13 per diluted share, a year earlier.

The company declared a quarterly dividend of C$0.10 per common share on March 13 for shareholders of record on March 18, with a payment date of March 27.

The company's stock plunged 7.7% on last look on Friday.

Price: 6.25, Change: -0.52, Percent Change: -7.68