Imaflex Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenue of CAD 20,791,000 against CAD 16,997,000 a year ago. Net income was CAD 556,000 against loss of CAD 104,000 a year ago. Basic and diluted EPS were CAD 0.001. EBITDA was CAD 1,248,000 against CAD 632,000 a year ago.

For the nine months, the company reported revenue of CAD 66,902,000 against CAD 54,570,000 a year ago. Net income was CAD 3,001,000 against CAD 247,000 a year ago. Basic and diluted EPS were CAD 0.06 against CAD 0.01 a year ago. EBITDA was CAD 6,054,000 against CAD 2,476,000 a year ago.

Full-year 2017 guidance, with revenues now expected to come in approximately 15% higher than the CAD 74 million dollars seen in calendar 2016. This is up from the Corporation's previous estimate of approximately 10% year-over-year growth.