Beat Holdings Limited announced unaudited earnings results for the fourth quarter and twelve months ended December 31, 2017. For the quarter, the company reported revenue of $1,959,794 as compared to $1,665,011 a year ago. Gross Profit of $199,443 as compared to $251,135 a year ago. Net loss of $1,124,717 as compared to $1,507,635 a year ago. Net loss of $307,059 or basic and diluted loss per share of $0.002 as compared to $429,983 or basic and diluted loss per share of $0.003 a year ago. Adjusted LBITDA of $17,711 as compared to $150,958 a year ago. Net cash generated from operating activities of $268,647 as compared to $765 a year ago. Purchase of property, plant and equipment of $58,951 as compared to $684 a year ago.

For the year, the company reported revenue of $7,386,673 as compared to $6,479,185 a year ago. Gross Profit of $767,895 as compared to $1,043,789 a year ago. Net loss of $1,124,717 or basic and diluted loss per share of $0.008 as compared to $1,507,635 or basic and diluted loss per share of $0.011 a year ago. Adjusted LBITDA of $250,700 as compared to $455,475 a year ago. Net cash used in operating activities of $328,533 as compared to $513,936 a year ago. Purchase of property, plant and equipment of $77,783 as compared to $29,667 a year ago.

Provided earnings guidance for the first quarter ending March 2018. For the quarter, the company expects revenue of $1,991,612, gross profit of $269,510, operating loss of $34,137, ordinary loss of $181,113, loss before tax and non controlling interest of $181,113, net loss for the period of $181,113 and Adjusted EBITDA of $6,904.

Provided earnings guidance for the second quarter ending June 2018. For the quarter, the company expects revenue of $2,165,104, gross profit of $300,946, operating loss of $2,701, ordinary loss of $153,766, loss before tax and non controlling interest of $153,766, net loss for the period of $153,766 and Adjusted EBITDA of $39,123.

Provided earnings guidance for the third quarter ending September 2018. For the quarter, the company expects revenue of $2,379,012, gross profit of $354,644, operating profit of $50,997, ordinary loss of $102,272, loss before tax and non controlling interest of $102,272, net loss for the period of $102,272 and Adjusted EBITDA of $88,662.

Provided earnings guidance for the fourth quarter ending December 2018. For the quarter, the company expects revenue of $2,552,504, gross profit of $395,179, operating profit of $91,532, ordinary loss of $64,998, loss before tax and non controlling interest of $64,998, net loss for the period of $64,998 and Adjusted EBITDA of $120,879.

For the quarter, the company reported impairment loss on property, plant and equipment of $52,444.