Clean Diesel Technologies, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of $6,857,000 compared with $10,132,000 a year ago. Loss from operations before income taxes was $479,000 compared with $12,695,000 a year ago. Loss from operations was $1,780,000 compared with $948,000 a year ago. Net loss was $360,000 or $0.02 per basic and diluted share compared with $12,582,000 or $2.14 per basic and diluted share a year ago. The prior year included a noncash charge of $10.8 million related to the extinguishment of debt during the first quarter.

For the nine months, the company reported revenues of $23,470,000 compared with $28,284,000 a year ago. Loss from operations was $4,481,000 compared with $7,318,000 a year ago. Loss from operations before income taxes was $3,793,000 compared with $16,808,000 a year ago. Net loss was $3,842,000 or $0.24 per basic and diluted share compared with $15,576,000 or $3.49 per basic and diluted share a year ago.

Based on company's current business configuration as well as its third quarter results, the company now expects full-year 2017 revenue to be approximately $28 million and gross margin to be approximately 22%.