UrtheCast Corp. reported consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, on IFRS basis, the company's revenue was $8,978,000 against $57,476,000 a year ago. Operating loss was $15,921,000 compared to $6,901,000 a year ago. Loss before income taxes was $16,469,000 against $7,551,000 a year ago. Net loss was $16,363,000 compared to $8,317,000 for the same period of last year. Net loss per basic and diluted share was $0.14 compared to $0.08 a year ago. LBITDA was $11,566,000 compared with EBITDA of $39,653,000 a year ago. Adjusted LBITDA was $2,349,000 compared with adjusted EBITDA of $1,878,000 a year ago.

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.