Norsat International has announced financial results for the fourth quarter and fiscal year ended Dec. 31, 2016. For the fourth quarter, the company reported $10.7 million revenue, an increase of 13 percent compared to $9.5 million for the same period last year. Gross profit margin was 44 percent, an increase of 3 percent. Net loss for the quarter was $0.04 per share, and adjusted Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) were $2.2 million, an increase of 52 percent for the same period last year.

For the full year period, the company reported $38 million in revenue, an increase of 5 percent compared to 2015. Gross profit margin was 45 percent, an increase of 4 percent. Net earnings were $0.57 per share compared to $1.50 per share for 2015, with a 44 percent increase of adjusted EBITDA to $7.6 million.