True Link Motion Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported total net revenues of $13,432,000 compared to $17,467,000 a year ago. Loss from operations was $40,752,000 compared to $120,543,000 a year ago. Loss before income taxes was $42,453,000 compared to $142,746,000 a year ago. Net loss from continuing operation was $42,996,000 compared to $139,625,000 a year ago. Net income attributable to the company was $111,381,000 compared to loss of $111,249,000 a year ago. Net earnings per Class A and Class B common share, basic & diluted was $0.2193 compared to net loss per Class A and Class B common share, basic & diluted of $0.2238 a year ago. Net loss per Class A and Class B common share from continuing operations, basic & diluted was $0.0792 compared to $0.2390 a year ago. Net earnings per ADS, basic & diluted were $1.0965 compared to net loss per ADS, basic & diluted of $1.1190 a year ago. Net loss per ADS from continuing operations, basic & diluted was $0.3960 compared to $1.1950 a year ago. Non-GAAP loss from operations was $35,598,000 compared to $19,794,000 a year ago. Non-GAAP net income attributable to the company was $121,854,000 compared to $9,806,000 a year ago. Non-GAAP earnings per ADS, diluted were $1.1943 compared to $0.0977 a year ago. Net cash flow used in operations for the fourth quarter of 2017 was $13.7 million.

For the year, the company reported total net revenues of $57,611,000 compared to $60,644,000 a year ago. Loss from operations was $181,748,000 compared to $172,200,000 a year ago. Loss before income taxes was $203,849,000 compared to $197,151,000 a year ago. Net loss from continuing operation was $203,138,000 compared to $192,316,000 a year ago. Net loss attributable to the company was $5,274,000 compared to $127,593,000 a year ago. Net loss per Class A and Class B common share, basic & diluted was $0.0104 compared to $0.2588 a year ago. Net loss per Class A and Class B common share from continuing operations, basic & diluted was $0.3487 compared to $0.3431 a year ago. Net loss per ADS, basic & diluted was $0.0520 compared to $1.2940 a year ago. Net loss per ADS from continuing operations, basic & diluted was $1.7435 compared to $1.7155 a year ago. Non-GAAP loss from operations was $72,047,000 compared to $53,713,000 a year ago. Non-GAAP net income attributable to the company was $136,981,000 compared to $21,760,000 a year ago. Non-GAAP earnings per ADS, diluted were $1.3499 compared to $0.2182 a year ago. Net cash used in operating activities for the fiscal year 2017 was $66.2 million.

For the fourth quarter ended December 31, 2017, the company reported impairment of goodwill and intangible assets of $4,878,000 compared to $98,902,000 a year ago. Impairment loss was $1,370,000 compared to $12,203,000 a year ago.