China Gerui Advanced Materials Group announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $3,097,225 compared to $30,927,996 a year ago. Operating loss was $31,914,924 compared to $2,315,647 a year ago. Loss before income taxes was $33,038,709 compared to $4,400,671 a year ago. Net loss was $33,038,709 or $0.56 per diluted share compared to $4,372,359 or $0.07 per diluted share a year ago. Non-GAAP LBITDA was $28,171,824 compared to non-GAAP EBITDA of $724,851 a year ago. Adjusted non-GAAP LBITDA was $1,819,710 compared to non-GAAP EBITDA $724,851 a year ago.

For the nine months, the company reported revenue of $62,246,547 compared to $119,617,291 a year ago. Operating loss was $36,339,391 compared to operating profit of $668,401 a year ago. Loss before income taxes was $38,590,548 compared to $5,172,127 a year ago. Net loss was $38,590,548 or $0.65 per diluted share compared to $5,313,205 or $0.09 per diluted share a year ago. Net cash used in operating activities was $236,551,280 compared to $25,497,457 a year ago. Cash paid for property, plant and equipment was $7,031,589 compared to $9,494,339 a year ago. Non-GAAP LBITDA was $25,509,329 compared to Non-GAAP EBITDA of $9,783,599 a year ago. Adjusted non-GAAP EBITDA was $842,785 compared to $10,796,882 a year ago.

The company is revising its full year 2014 revenue guidance to approximately $68 million.