UrtheCast Corp. announced unaudited consolidated earnings results for the second quarter and six months ended on June 30, 2017. For the quarter, the company reported revenue of CAD 11,854,000 against CAD 20,973,000 a year ago. Operating loss was CAD 4,466,000 against CAD 697,000 a year ago. Loss before income taxes was CAD 5,207,000 against CAD 1,487,000 a year ago. Net loss was CAD 3,905,000 against CAD 277,000 a year ago. Basic and diluted net loss per share was CAD 0.03. Non-IFRS revenue was CAD 11,854,000 against CAD 15,894,000 a year ago. LBITDA was CAD 583,000 against EBITDA of CAD 5,485,000 a year ago. Adjusted EBITDA was CAD 909,000 against CAD 4,992,000 a year ago.

For the six months, the company reported revenue of CAD 21,250,000 against CAD 33,125,000 a year ago. Operating loss was CAD 10,612,000 against CAD 12,530,000 a year ago. Loss before income taxes was CAD 11,772,000 against CAD 14,033,000 a year ago. Net loss was CAD 8,984,000 against CAD 11,377,000 a year ago. Basic and diluted net loss per share was CAD 0.08 against CAD 0.11 a year ago. Non-IFRS revenue was CAD 21,250,000 against CAD 22,712,000 a year ago. LBITDA was CAD 2,232,000 against EBITDA of CAD 24,000 a year ago. Adjusted LBITDA was CAD 430,000 against CAD 987,000 a year ago.

For fiscal 2017, the company expected to achieve revenue of between CAD 52 million to CAD 60 million and adjusted EBITDA of between CAD 7 million to CAD 12 million.