Emisphere Technologies, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported net income of $4.5 million for the quarter ended December 31, 2016, compared to a net loss of $10.1 million for the quarter ended December 31, 2015. Operating loss of $1.2 million for the fourth quarter 2016, compared to an operating loss of $4.2 million for the same period in 2015. Other income for the fourth quarter of 2016 was $5.7 million compared to an other non-operating loss of $6.5 million for the fourth quarter of 2015. The change from other expense to other income for the fourth quarter 2016 was due primarily to a decrease in fair value of derivative instruments of $12.9 million and a $0.7 million increase in interest expense. For the year, the company net loss of $10.0 million, or $0.17 per basic and diluted share, for the year ended December 31, 2016, compared to a net loss of $40.4 million, or $0.67 per basic and diluted share, for the year ended December 31, 2015. Net cash provided (outlays) from operations and capital expenditures were $6.8 against $2.8 million a year ago.