EuroSite Power Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 2018
EuroSite Power Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 2018. For the quarter, the company reported revenues of $952,418 compared to $793,658 a year ago. Loss from operations was $421,450 compared to $193,194 a year ago. Loss before income taxes was $435,387 compared to $203,731 a year ago. Net loss was $435,387 compared to $203,731 a year ago. Basic and diluted net loss per share was $0.01 compared to nil a year ago. Non GAAP loss from operations was $421,450 compared to $193,194 a year ago. Adjusted EBITDA was $10,973 compared to $45,627 a year ago.
For the six months, the company reported revenues of $2,270,872 compared to $1,624,507 a year ago. Loss from operations was $536,153 compared to $467,067 a year ago. Loss before income taxes was $561,529 compared to $482,776 a year ago. Net loss was $561,529 compared to $482,776 a year ago. Basic and diluted net loss per share was $0.01 compared to $0.01 a year ago. Non GAAP loss from operations was $536,153 compared to $467,067 a year ago. Adjusted EBITDA was $110,179 compared to $52,349 a year ago. Net cash used in operating activities was $454,033 compared to net cash generated from operating activities of $18,133 a year ago. Purchases of property and equipment was $463,133 compared to $263,593 a year ago.