Appliance Recycling Centers (ARCI) Reports Q4 Loss of $0.14/Share

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Appliance Recycling Centers of America Reports Fourth Quarter and Fiscal Year 2015 Earnings

April 1, 2016 5:15 PM EDT

MINNEAPOLIS, April 1, 2016 /PRNewswire/ -- Appliance Recycling Centers of America, Inc. ("ARCA" or the "Company") (NASDAQ: ARCI), a leading provider of appliance recycling and retailing services, today announced results for its financial reporting periods ended January 2, 2016.

Full Year

Total revenues in 2015 were $111.8 million, down 14.6% compared with 2014 revenue of $130.9 million. The Company reported a net loss in 2015 of $2.7 million, or $(0.47) per diluted share. This compares with a net income in 2014 of $0.8 million, or $0.13 per diluted... More