Etrion Corporation announced consolidated earnings and production results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenues of $6,357,000 against $7,042,000 a year ago. EBITDA was $2,254,000 against $1,904,000 a year ago. Adjusted EBITDA was $3,733,000 against $2,214,000 a year ago. Net loss was $746,000 against $6,865,000 a year ago. Cash flow from operations was $5,566,000 against $1,262,000 a year ago. Adjusted operating cash flow was $3,804,000 against $2,032,000 a year ago. Consolidated adjusted EBITDA increased significantly in comparison with second quarter of 2017 driven by performance in Japan and corporate overhead reduction.

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.