Clean Diesel Technologies, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenues of $2,433,000 compared with $3,556,000 a year ago. Loss from operations was $1,154,000 compared with $932,000 a year ago. Loss from operations before income taxes was $767,000 compared with $811,000 a year ago. Net loss from continuing operations was $1,471,000 or $0.09 per basic and diluted share compared with $980,000 or $0.05 per basic and diluted share a year ago. Net loss was $1,952,000 or $0.12 per basic and diluted share compared with $385,000 or $0.01 per basic and diluted share a year ago.

For the six months, the company reported revenues of $4,630,000 compared with $7,405,000 a year ago. Loss from operations was $2,250,000 compared with $4,147,000 a year ago. Loss from operations before income taxes was $1,594,000 compared with $4,782,000 a year ago. Net loss from continuing operations was $2,335,000 or $0.15 per basic and diluted share compared with $4,950,000 or $0.32 per basic and diluted share a year ago. Net loss was $2,246,000 or $0.14 per basic and diluted share compared with $3,481,000 or $0.22 per basic and diluted share a year ago.

The company currently expects 2018 revenue of approximately $12 million. With the implementation of local partnerships 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.