Differential Brands Group Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company reported net sales of $38,818,000 against $40,103,000 a year ago. Operating loss was $556,000 against $305,000 a year ago. Loss before income taxes was $2,770,000 against $2,376,000 a year ago. Net loss was $4,085,000 against $2,350,000 a year ago. Loss per basic and diluted share was $0.43 against 0.28 a year ago. Net cash used in operating activities was $3,875,000 against $3,369,000 a year ago. Purchases of property and equipment were $439,000 against $337,000 a year ago. Adjusted EBITDA for the first quarter of 2018 was $1.5 million as compared to $2.5 million for the same quarter last year. Last year’s adjusted EBITDA included the one-time $1.4 million accounting adjustment for inventory valuation that benefited gross profit. Without the adjustment, first quarter 2018 adjusted EBITDA would have exceeded last year by $0.4 million.