TSO3 Inc. reported unaudited consolidated financial results for the first quarter ended March 31, 2018. The company's net loss was $4.5 million or $0.05 per basic and diluted share in the first quarter of 2018, as compared to $2.0 million or $0.02 per basic and diluted share in the year-ago quarter. Revenues equaled $0.3 million, as compared to $4.2 million in the first quarter of 2017. Adjusted LBITDA was $3,840,000 against $1,215,000 a year ago. Net loss before income taxes was $4,512,000 against $1,953,000 a year ago. Cash flows used in generated by operating activities was $4,766,000 against cash flows generated by operating activities of $555,000 a year ago. Acquisition of property, plant and equipment was $67,000 against $193,000 a year ago.