CDTi Advanced Materials, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 14, 2018 at 04:05 pm EST
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CDTi ADVANCED MATERIALS, INC. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenues of $2,025,000 compared with $3,476,000 a year ago. Loss from continuing operations was $845,000 compared with $2,508,000 a year ago. Loss from continuing operations before income taxes was $745,000 compared with $1,209,000 a year ago. Net loss from continuing operations was $762,000 or $0.20 per basic and diluted share compared with $1,090,000 or $0.35 per basic and diluted share a year ago. Net loss was $1,407,000 or $0.37 per basic and diluted share compared with $360,000 or $0.11 per basic and diluted share a year ago.
For the six months, the company reported revenues of $6,654,000 compared with $10,881,000 a year ago. Loss from continuing operations was $3,096,000 compared with $6,655,000 a year ago. Loss from continuing operations before income taxes was $2,410,000 compared with $5,942,000 a year ago. Net loss from continuing operations was $3,168,000 or $0.93 per basic and diluted share compared with $5,991,000 or $1.90 per basic and diluted share a year ago. Net loss was $3,654,000 or $1.07 per basic and diluted share compared with $3,842,000 or $1.22 per basic and diluted share a year ago.
CDTi Advanced Materials, Inc. develops technology and materials for catalyst markets, including emissions, industrial and electrocatalyst applications. The Company is engaged in the catalyst design, engineering, and coating for on and off-road as well as energy storage applications. It develops technology and materials incorporating various base metals that can enhance catalytic performance and reduce the use of platinum group metals (PGMs) in catalyst coatings. It offers complete solutions for heavy and light duty engines, fuel treatment and materials technologies. Its products include exhaust control systems, fuel borne catalyst and catalyst products. Exhaust control systems includes Purifilter, Purifilter Plus M, AZ DOC, DZ DOC, and others. Its fuel borne catalyst include PatFluid, Platinum Plus, and others. The Company delivers its technology to customers through catalyst coatings as well as catalytic material supply and licensing arrangements.
CDTI ADVANCED MATERIALS, INC. 
