SmartCool Systems Inc. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter the company reported revenue grew from $85,957 in first quarter 2017 to $314,363 in first quarter 2018, an increase of 265%. Net loss for the period, net of tax, was $238,116 compared to a net loss of $360,949 for the first quarter of 2017, a reduction of approximately 33%. This reduction in net loss was due primarily to an increase in gross sales and higher gross margins.

For the year 2018 the company expects to see this positive trend continue for the balance of 2018.