Starco Brands, Inc. reported un-audited earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenues, net, related party of $36,582 against $3,027 a year ago. Loss from operations party was $91,311 compared to $3,704,002 a year ago. Loss before provision for income taxes of $93,919 compared to $3,509,849 a year ago. Net loss of $93,919 or $0.00 per basic and diluted share compared to $3,509,849 or $0.08 per basic and diluted share a year ago. Adjusted LBITDA of $91,311 compared to adjusted EBITDA of $235,322 a year ago.

For the nine months, the company reported revenues, net, related party of $77,061 against $3,027 a year ago. Loss from operations party was $436,098 compared to $3,931,737 a year ago. Loss before provision for income taxes of $448,571 compared to $3,999,121 a year ago. Net loss of $448,571 or $0.00 per basic and diluted share compared to $3,999,121 or $0.11 per basic and diluted share a year ago. Adjusted LBITDA of $396,251 compared to adjusted EBITDA of $7,587 a year ago. Net cash used in operating activities was $306,538 against $350,411 a year ago.

The company also provided revenue guidance for the year 2018. For the year, the company continues to expect revenues to grow significantly in 2018 compared to 2017 and expects to continue to narrow its operating loss. This will be primarily driven by expanded distribution of its Breathe, Winona Pure, Kleen-Out line, Honu Sunscreen lines, as well as Parents Choice cobranded with Walmart. Other sources of revenue expansion will include new product and brand launches and the addition of product licenses to be acquired during the coming year.