ePRICE S.p.A. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported total revenue was EUR 45,760,000 against EUR 42,220,000 reported last year. The growth in revenues in first quarter of 2017 was therefore 8.4% on the pro-forma figures for first quarter of 2016, net of the Vertical Content and Saldiprivati divisions sold in 2016. Adjusted LBITDA was EUR 2,431,000 against EUR 2,098,000 reported last year. LBITDA was EUR 2,838,000 against EUR 2,214,000 reported last year. LBIT was EUR 4,290,000 against EUR 3,033,000 reported last year. Loss before tax from continuing operations was EUR 4,478,000 against EUR 3,132,000 reported last year. The latter increased by 77.3% compared to first quarter of 2016 mostly as a result of the sizeable investments made in 2016 and first quarter of 2017 in support of growth and for the implementation of the company’s new ERP system. Net loss was EUR 3,779,000 against EUR 4,234,000 reported last year. This was due to the positive contribution related to the earn-out portion already accrued as a result of the fulfillment of certain conditions prescribed contractually within the sale of the Vertical Content division to the Mondadori Group and collected in April 2017, after the end of the quarter. Net cash flow absorbed by operations was EUR 11,510,000 against EUR 3,167,000 reported last year. Acquisition of tangible assets was EUR 1,046,000 against EUR 73,000 reported last year. Acquisition of intangible assets was EUR 2,503,000 against EUR 1,401,000 reported last year.