Etrion Corporation Announces Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2018
For the six months, the company reported revenues of $9,267,000 against $12,240,000 a year ago. EBITDA was $2,912,000 against $1,962,000 a year ago. Adjusted EBITDA was $4,391,000 against $2,839,000 a year ago. Net loss was $4,599,000 against $14,429,000 a year ago. Cash flow from operations was $2,771,000 against cash flow used in operations of $1,559,000 a year ago. Adjusted operating cash flow was $4,633,000 against $2,311,000 a year ago. Corporate net debt was $23,334,000 against $10,110,000 a year ago.
For the quarter, the company reported electricity production was 18,155 MWh against 42,466 MWh a year ago.
For the six months, the company reported electricity production was 26,241 MWh against 92,389 MWh a year ago.