CDTi Advanced Materials, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Revenue Results for the Full Year of 2018
May 14, 2018 at 04:11 pm EDT
Share
CDTi Advanced Materials, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenues of $4,912,000 compared to $8,214,000 a year ago. Loss from operations was $492,000 compared to $2,361,000 a year ago. Loss before income taxes was $258,000 compared to $3,097,000 a year ago. Net loss was $295,000 or $0.02 per basic and diluted share compared to $3,096,000 or $0.20 per basic and diluted share a year ago.
The company currently expects 2018 revenue of approximately $12 million. With the implementation of local production capabilities in China and India the company believes that a growing pipeline of customers will begin to generate material revenue beginning in 2018 and accelerating into 2019.
CDTi Advanced Materials, Inc. develops technology and materials for catalyst markets, including emissions, industrial and electrocatalyst applications. The Company is engaged in the catalyst design, engineering, and coating for on and off-road as well as energy storage applications. It develops technology and materials incorporating various base metals that can enhance catalytic performance and reduce the use of platinum group metals (PGMs) in catalyst coatings. It offers complete solutions for heavy and light duty engines, fuel treatment and materials technologies. Its products include exhaust control systems, fuel borne catalyst and catalyst products. Exhaust control systems includes Purifilter, Purifilter Plus M, AZ DOC, DZ DOC, and others. Its fuel borne catalyst include PatFluid, Platinum Plus, and others. The Company delivers its technology to customers through catalyst coatings as well as catalytic material supply and licensing arrangements.
CDTi Advanced Materials, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Revenue Results for the Full Year of 2018
CDTI ADVANCED MATERIALS, INC. 
