Northern Ocean Ltd. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 20.44 million compared to USD 56.65 million a year ago. Revenue was USD 21.66 million compared to USD 67.78 million a year ago.

Net loss was USD 92.89 million compared to USD 11.03 million a year ago. Basic loss per share from continuing operations was USD 0.8 compared to USD 0.17 a year ago.