Macro Enterprises Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenues of $26,897,000 against $21,408,000 a year ago. The increase in revenues during the quarter was anticipated as a result of higher activity in the oil & gas industry. EBITDA was $416,000 against $93,000 a year ago. Net loss was $2,050,000 or $0.07 per share against $1,790,000 or $0.06 per share a year ago. The loss was a result of diminished margins, increased general and administrative costs and the recognition of $286,000 in non-cash mark-to-market adjustments on its preferred shares recorded during the quarter.

For the year, the company reported revenues of $103,980,000 against $54,436,000 a year ago. EBITDA was $2,872,000 against LBITDA of $4,311,000 a year ago. Net loss was $3,446,000 or $0.11 per share against $8,656,000 or $0.28 per share a year ago. The company generated $3.4 million in positive cash flow from operations for the year compared to $0.6 million used in operations prior year.

The company first half of revenues for 2018 is expected to be challenging and significantly lower than last year.