AquaVenture Holdings Limited announced unaudited consolidated earnings results for the third quarter and first nine months ended September 30, 2017. For the quarter, the company announced total revenues were $29,893,000 compared to $28,858,000 for the same period a year ago. Loss from operations was $3,213,000 compared to $549,000 for the same period a year ago. Loss before income tax expense was $6,721,000 compared to $3,437,000 for the same period a year ago. Net loss was $7,567,000 compared to $4,712,000 for the same period a year ago. Loss per share, basic and diluted was $0.29. Adjusted EBITDA was $9.7 million for the three months ended September 30, 2017 was flat compared to the prior year period. Net cash provided by operating activities for the quarter ended September 30, 2017 was $1.2 million compared to $1.0 million for the comparable period of 2016. Capital expenditures and longterm contract expenditures were $4.2 million for the quarter ended September 30, 2017 compared to $4.9 million in the prior year period.

For the first nine months, the company announced total revenues were $88,794,000 compared to $84,251,000 for the same period a year ago. Loss from operations was $9,273,000 compared to $1,841,000 for the same period a year ago. Loss before income tax expense was $16,575,000 compared to $10,293,000 for the same period a year ago. Net loss was $19,220,000 compared to $12,926,000 for the same period a year ago. Loss per share, basic and diluted was $0.73. Net cash provided by operating activities was $11,876,000 compared to $11,891,000 for the same period a year ago. Capital expenditures were $11,286,000 compared to $15,037,000 for the same period a year ago. Adjusted EBITDA was $27.6 million for the nine months ended September 30, 2017, a 2.0% increase over Adjusted EBITDA of $27.1 million in the prior year period.

The company provided earnings guidance for the full year of fiscal 2017. For the full year 2017, the company has incorporated the impacts of both the hurricanes on the Seven Seas Water operations and the addition of the Wellsys acquisition at Quench. After factoring in these impacts, the company is not changing its previously provided financial results and still expects: revenues between $119 and $122 million; adjusted EBITDA between $34 and $37 million; cash collected on the design and construction contract acquired in the company Peru acquisition continues to be projected at $8.1 million annually (approximately $2 million per quarter); and adjusted EBITDA plus the cash collected on the design and construction contract acquired in the company's Peru acquisition expected between $42 and $45 million.