SIFCO diligence, Inc.( NYSE American SIF) moment blazoned fiscal results for its fourth quarter and financial 2023, which ended September 30, 2023. Fourth Quarter and Financial 2023 Highlights Results for the Fourth Quarter Net deals in the fourth quarter of financial 2023 increased 32.2 to$24.6 million, compared with$18.6 million for the same period in financial 2022. Net loss for the fourth quarter of financial 2023 was$3.1 million, or$(0.53) per adulterated share, compared with a net loss of of$6.9 million, or$(1.18) per adulterated share, in the fourth quarter of financial 2022. EBITDA was (1.1) million in the fourth quarter of financial 2023, compared with (5.2) million in the fourth quarter of financial 2022. Acclimated EBITDA in the fourth quarter of financial 2023 was (0.8) million, compared with Acclimated EBITDA of$(4.8) million in the fourth quarter of financial 2022.
Results for the Fiscal Year 2023 Net deals in financial 2023 increased3.7 to$87.0 million, compared with$83.9 million for the same period in financial 2022. Net loss in financial 2023 was$8.7 million, or$(1.47) per adulterated share, compared with a net loss of$9.6 million, or$(1.65) per adulterated share in financial 2022. EBITDA was$(0.8) million in financial 2023, compared with EBITDA of$(2.7) million in financial 2022. Acclimated EBITDA in financial 2023 was$1.0 million, compared with Acclimated EBITDA of$(6.6) million in financial 2022. Other Highlights The Company informed shareholders that it has sought to subsidize on the current request volatility by adding request penetration and diversifying while maintaining a conservative fiscal approach. To punctuate this point, CEO PeterW.
Knapper stated,” 2023 witnessed a return to growth in the marketable aerospace request, while the military aerospace request remained stable. Our sweats to gain request share redounded in winning eighty- six new products across our served requests during the financial time. In addition, our sweats in nonstop enhancement enterprise demonstrated benefits as we work to return to profitability.” Use of Non-GAAP Financial Measures The Company uses certain non-GAAP measures in this release. EBITDA and Adjusted EBITDA are non-GAAP fiscal measures and are intended to serve as supplements to results handed in agreement with account principles generally accepted in the United States. SIFCO diligence, Inc. believes that similar information provides a fresh dimension and harmonious literal comparison of the Company’s performance.
A conciliation of the non-GAAP fiscal measures to the most directly similar GAAP measures is available in this news release. Forward-Looking Language Certain statements contained in this press release are” forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, similar to statements relating to fiscal results and plans for unborn business development conditioning, and are therefore prospective. similar forward-looking statements are subject to pitfalls, misgivings, and other factors, which could cause factual results to differ materially from unborn results expressed or inferred by similar forward-looking statements. Implicit pitfalls and misgivings include, but aren’t limited to, profitable conditions, enterprises with or pitfalls of, or the consequences of, afflictions, contagious conditions or health pandemics, competition and other misgivings the Company, its guests, and the assiduity in which they operate have endured and continue to witness, detailed from time to time in the Company’s Securities and Exchange Commission forms. For a discussion of similar threat factors and misgivings, see Item 1A,” threat Factors” in the Company’s Annual Report on Form 10- K for the quarter ended September 30, 2023, and other reports filed by the Company with the Securities & Exchange Commission.
