Etrion Corporation reported consolidated earnings and operating results for the fourth quarter and year ended December 31, 2017. For the quarter, the company generated revenues of $2.603 million against $4.979 million a year ago. LBITDA was $0.628 million against $0.713 million for the same period prior year. Adjusted LBITDA was $0.628 million against $0.713 million for the same period prior year. Net loss from continuing operations was $4.225 million against $8.037 million for the same period prior year. Net loss was $4.225 million against net income of $20.981 million for the same period prior year. Adjusted Net loss was $2.774 million against $6.544 million for the same period prior year. Cash flow from operations was $1.7 million against Cash flow used in operations of $6.152 million for the same period prior year. Adjusted cash flow used in operations was $1.388 million against $1.072 million for the same period prior year.

For the year, the company generated revenues of $21.848 million against $15.233 million a year ago. EBITDA was $3.846 million against LBITDA of $0.415 million for the same period prior year. Adjusted EBITDA was $4.723 million against Adjusted LBITDA of $0.778 million for the same period prior year. Net income from continuing operations was $16.507 million against net loss from continuing operations of $110.378 million for the same period prior year. Net income was $16.507 million against net loss of $74.418 million for the same period prior year. Cash flow used in operations was $1.352 million against Cash flow from operations of $3.257 million for the same period prior year. Adjusted operating cash flow was $3.655 million against Adjusted cash flow used in operations of $0.495 million for the same period prior year.

For the quarter, the company reported electricity production of 7,485 MWh against 54,661 MWh a year ago.

For year, the company reported electricity production of 149,048 MWh against 174,618 MWh a year ago.

The company provided production and financial guidance for the year 2018. For the year, the company forecasts Energy generation in the range of 37.5 GWh to 41.5 GWh. Revenue is forecasted in the range of $12.9 million to $14.3 million. Project-level EBITDA is forecasted in the range of $8.7 million to $9.6 million.