Electronic Cigarettes International Group, Ltd. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported net sales of $14,830,000 compared with $13,889,000 a year ago. Loss from operations was $16,843,000 compared with $159,674,000 a year ago. Loss before income taxes was $30,609,000 compared with $347,515,000 a year ago. Net loss was $29,616,000 or $0.40 per basic and diluted share compared with $346,758,000 or $55.08 per basic and diluted share a year ago. LBITDA was $46,946,000 compared with $312,842,000 a year ago. Adjusted LBITDA was $1,584,000 compared with $10,088,000 a year ago.

For the full year, the company reported net sales of $54,227,000 compared with $44,690,000 a year ago. Loss from operations was $44,640,000 compared with $222,436,000 a year ago. Loss before income taxes was $44,460,000 compared with $410,383,000 a year ago. Net loss was $44,215,000 or $0.78 per basic and diluted share compared with $388,844,000 or $74.45 per basic and diluted share a year ago. EBITDA was $3,250,000 compared with loss of $355,619,000 a year ago. Adjusted LBITDA was $7,347,000 compared with $37,248,000 a year ago.

For the quarter, the company reported impairment of long-lived assets of $13,020,000 compared with $135,391,000 a year ago.