Vadsbo SwitchTech Group AB (publ) reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was SEK 19.17 million compared to SEK 11.83 million a year ago. Revenue was SEK 19.21 million compared to SEK 12.25 million a year ago.

Net income was SEK 1.07 million compared to SEK 1.73 million a year ago. Basic earnings per share from continuing operations was SEK 0.059 compared to SEK 0.12 a year ago. Diluted earnings per share from continuing operations was SEK 0.054 compared to SEK 0.109 a year ago.