Dover Motorsports Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported revenues of $129,000 compared to $22,443,000 a year ago. Operating loss was $3,781,000 compared to operating earnings of $9,000,000 a year ago. Loss from continuing operations before income tax expense was $4,019,000 compared to earnings from continuing operations before income tax benefit of $8,562,000 a year ago. Net losses were $2,356,000 or $0.07 basic and diluted per share compared to net earnings of $5,061,000 or $0.14 basic and diluted per share a year ago. Adjusted losses from continuing operations before income taxes were $4,072,000 compared to adjusted earnings from continuing operations before income taxes of $8,567,000 a year ago. Adjusted loss per share was $0.07 compared to adjusted earnings per share of $0.14 a year ago. The decrease in revenues was due to the schedule change.

For the year, the company reported revenues of $46,747,000 compared to $51,870,000 a year ago. Operating earnings were $9,185,000 compared to operating loss of $8,660,000 a year ago. Earnings from continuing operations before income tax benefit were $8,062,000 compared to loss from continuing operations before income tax expense of $13,207,000 a year ago. Net earnings were $4,571,000 or $0.12 basic and diluted per share compared to net losses of $9,185,000 or $0.25 basic and diluted per share a year ago. Adjusted earnings from continuing operations before income taxes were $7,741,000 compared to $4,730,000 a year ago. Adjusted earnings per share were $0.12 compared to $0.07 a year ago. Net cash provided by operating activities was $10,945,000 compared to $7,858,000 a year ago. Capital expenditures were $468,000 compared to $258,000 a year ago. The decrease in revenue was primarily due to no longer promoting the four NASCAR races at the company's Nashville facility.