AquaVenture Holdings Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenues of $29,008,000 compared to $27,129,000 a year ago. Loss from operations was $3,194,000 compared to $734,000 a year ago. Loss before income tax expense was $5,191,000 compared to $3,360,000 a year ago. Net loss was $6,126,000 or $0.23 per basic and diluted share compared to $3,988,000 a year ago. Net cash provided by operating activities was $5,300,000 compared to $5,450,000 a year ago. Capital expenditures were $3,153,000 compared to $5,447,000 a year ago. Adjusted EBITDA was $8,529,000 compared to $7,986,000 a year ago.

For the full year 2017, the company reaffirms that it expects to achieve revenues between $127 million and $132 million, of which approximately 8% is expected to be inorganic (including the operations in Peru); adjusted EBITDA between $37 and $41 million. Revenues and adjusted EBITDA increases are expected to include growth from both organic and inorganic components, with the inorganic increases weighted more heavily towards the second half of 2017.