Etrion Corporation reported earnings results for the year ended December 31, 2016. For the year, the company generated revenues of $15.2 million against $10.4 million a year ago, a 46% increase over 2015, from the company's 104 MW portfolio comprising two solar power plants in Japan and one solar plant in Chile. The company generated net loss from continuing operations of $110.4 million against net loss of $27.5 million a year ago mainly due to the recognition of an impairment expense of $75.7 million and a net deferred tax write-off of $6.9 million, both associated with the 70 MW Project Salvador in Chile, partially offset by positive performance and an increase in production from Project Salvador and the solar power plants in Japan. Total net loss of the year was $74.4 million compared to net loss of $18.7 million during 2015. Net cash inflow from operating activities was $27,485 against $6,448 for the same period prior year.

The company provided production and financial guidance for the year 2017. For the year, the company forecasts Energy generation in the range of 146 GWh to high end of 154 GWh. Revenue is forecasted in the range of $17 million to $19 million. Project-level EBITDA is forecasted in the range of $9 million to $10 million.