Accelerize Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenues were $5,992,748 compared to $5,956,724 a year ago. Operating loss was $654,105 compared to operating income of $225,528 a year ago. Net loss was $1,256,459 compared to $55,224 a year ago. LBITDA was $561,245 compared to EBITDA of $370,201 a year ago. Adjusted LBITDA was $461,892 compared to adjusted EBITDA of $589,901 a year ago.

The company expects gross profit and gross margin to progressively improve for the remainder of 2018 as new higher margin revenue is added from Journey customers and management works to mitigate hosting capacity costs.