WHX reported a net loss of $ 21.2 million on net sales of $ 534.4 million for the twelve months ended December 31 , 2009 , compared with net income of $ 3.0 million on net sales of $ 681.0 million for the twelve months ended December 31 , 2008 . Basic and diluted net loss per common share was $ 1.74 for the twelve months ended December 31 , 2009 , compared with net income of $ 0.75 in the same period of 2008 .