Positivo Tecnologia S.A. reported consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, gross revenue was BRL 513,509,000 against BRL 415,872,000 a year ago. Net sales revenue was BRL 453,508,000 against BRL 375,600,000 a year ago. Operating loss was BRL 8,348,000 against BRL 10,409,000 a year ago. Net income before taxes was BRL 8,348,000 against BRL 10,409,000 a year ago. Net loss was BRL 8,348,000 against BRL 10,409,000 a year ago. Net cash used in operating activities was BRL 8,911,000 against cash provided by operating activities of BRL 14,057,000 a year ago. Purchases of property, plant and equipment was BRL 1,053,000 against BRL 2,056,000 a year ago. Net debt at the end of the period was BRL 239.3 million against BRL 244.7 million a year ago. EBITDA was BRL 33.4 million against BRL 11.9 million a year ago. Adjusted EBITDA was BRL 34.4 million against BRL 29.5 million a year ago.