Urthecast Corp. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Reports Asset Impairment Charges for the Fourth Quarter Ended December 31, 2017
For the full year, on IFRS basis, the company's revenue was $40,393,000 against $111,252,000 a year ago. Operating loss was $32,240,000 compared to $28,286,000 a year ago. Loss before income taxes was $31,814,000 against $31,453,000 a year ago. Net loss was $31,747,000 compared to $29,312,000 for the same period of last year. Net loss per basic and diluted share was $0.27 compared to $0.28 a year ago. LBITDA was $15,687,000 compared with EBITDA of $36,664,000 a year ago. Adjusted LBITDA was $3,153,000 compared with adjusted EBITDA of $5,637,000 a year ago.
For the quarter, the company reported asset impairment of $8,735,000 against $3,085,000 a year ago.