First Acceptance Corp. (FAC) reported a net loss for the fourth quarter of $71.53 million or $1.50 per share, compared to a loss of $8.76 million or $0.18 per share in the year-ago quarter.
Adjusted net income was $6.61 million or $0.14 per share, compared to adjusted net loss of $5.44 million or $0.11 per share in the same quarter last year.
Revenues for the quarter decreased to $61.70 million from $78.92 million in the prior-year quarter.
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