Clean Diesel Technologies Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Half of 2017
May 15, 2017 at 04:05 pm EDT
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Clean Diesel Technologies Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company's total revenues were $8,214,000 compared to $9,746,000 a year ago. Loss from continuing operations was $2,361,000 compared to $3,217,000 a year ago. Loss from operations before income taxes was $3,097,000 compared to $3,193,000 a year ago. Net loss was $3,096,000 compared to $0.20 million a year ago. Basic and diluted LPS were $0.20 compared to $0.76 a year ago.
The company continues to expect revenue to be between $32.0 million and $35.0 million and gross margin to be between 23% and 25%. The company continues to target achieving breakeven on an income from continuing operations basis in the second half of 2017.
CDTi Advanced Materials, Inc. develops technology and materials for catalyst markets, including emissions, industrial and electrocatalyst applications. The Company is engaged in the catalyst design, engineering, and coating for on and off-road as well as energy storage applications. It develops technology and materials incorporating various base metals that can enhance catalytic performance and reduce the use of platinum group metals (PGMs) in catalyst coatings. It offers complete solutions for heavy and light duty engines, fuel treatment and materials technologies. Its products include exhaust control systems, fuel borne catalyst and catalyst products. Exhaust control systems includes Purifilter, Purifilter Plus M, AZ DOC, DZ DOC, and others. Its fuel borne catalyst include PatFluid, Platinum Plus, and others. The Company delivers its technology to customers through catalyst coatings as well as catalytic material supply and licensing arrangements.
Clean Diesel Technologies Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Half of 2017
CDTI ADVANCED MATERIALS, INC. 
