Netshoes (Cayman) Limited announced un-audited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, net sales were BRL 586.8 million, a 1.9% increase year-over-year and up 12.1% year-over-year on the B2C operation, on an FX neutral basis. EBITDA loss was BRL 16.8 million compared to EBITDA positive BRL 6.9 million in 2016. During the quarter, consolidated EBITDA was negatively impacted by the record of BRL 7.2 million in provisions and BRL 3.3 million related to returns from the B2B operation. Net loss was BRL 49.7 million compared to BRL 26.3 million in 2016. Adjusted net loss was BRL 1.4 million compared to BRL 0.7 million for the last year. Net cash provided by operating activities was BRL 123.8 million compared to BRL 77.7 million for the last year. Capex was BRL 14.0 million compared to BRL 12.5 million for the last year. For the year, EBITDA loss was BRL 43.3 million compared to BRL 43.9 million 2016. Non-recurring effects the provisions and returns with respect to B2B operation amounted to BRL 6.8 million in 2017. Net sales amounted to BRL 1,889.0 million, a 8.6% increase year-over-year (+14.4% on the B2C operation, on an FX neutral basis) compared to BRL 1,739.5 million in last year. In 2017, net loss attributable to owners of the parent was BRL 170.0 million or BRL 5.95 per basic and diluted share compared to BRL 151.9 million or BRL 7.05 per basic and diluted share in 2016. Adjusted net income was BRL 1.7 million compared to adjusted net loss BRL 23.3 million for the last year. Operating loss was BRL 68.7 million compared to BRL 72.7 million for the last year. Loss before income tax was BRL 170.3 million compared to BRL 151.9 million for the last year. Net cash provided by operating activities was BRL 24.8 million compared to net cash used in operating activities BRL 20.9 million for the last year. Purchase of property and equipment was BRL 7.9 million compared to BRL 25.2 million for the last year. Purchase of intangible assets was BRL 49.4 million compared to BRL 47.1 million for the last year.