YogaWorks, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company announced net revenues were $15,529,813 compared to $13,990,094 for the same period a year ago. Loss from operations was $3,949,642 compared to $2,037,267 for the same period a year ago. Net loss before income taxes was $3,943,512 compared to $2,598,898 for the same period a year ago. Net loss was $3,960,896 compared to $2,616,798 for the same period a year ago. Net cash used in operating activities was $2,663,329 compared to net cash generated from operating activities of $783,238 for the same period a year ago. Purchase of property, equipment, and intangible assets was $425,901 compared to $196,370 for the same period a year ago. Adjusted LBITDA was $1,069,000 compared to adjusted EBITDA of $841,000 for the same period a year ago. Adjusted free cash flow used was $810,000 compared to adjusted free cash flow generated of $766,000 for the same period a year ago. Adjusted net loss was $3,454,000 compared to $1,971,000 for the same period a year ago.

The company provided earnings guidance for the second quarter and full year of fiscal 2018. For the second quarter of 2018, the company expects net revenue between $13.3 million and $13.8 million and adjusted LBITDA between $1.6 million and $1.1 million.

For fiscal 2018, the company expects net revenue between $57.5 million and $59.5 million and adjusted LBITDA between $2.95 million and $3.95 million.