Netshoes (Cayman) Limited announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of BRL 399,293,000 against BRL 396,228,000 for the same period a year ago. Operating loss was BRL 44,844,000 against BRL 4,479,000 for the same period a year ago. Loss before income tax was BRL 60,337,000 against BRL 37,717,000 for the same period a year ago. Net loss was BRL 60,337,000 against BRL 37,717,000 for the same period a year ago. Net loss attributable to owners of the parent was BRL 60,219,000 against BRL 37,508,000 for the same period a year ago. Basic and diluted loss per share attributable to owners of the parent was BRL 1.94 against BRL 1.79 for the same period a year ago. Net cash used in operating activities was BRL 260,538,000 against BRL 78,525,000 for the same period a year ago. Purchase of property and equipment was BRL 10,544,000 against BRL 2,164,000 for the same period a year ago. Purchase of intangible assets was BRL 16,801,000 against BRL 10,960,000 for the same period a year ago. Adjusted LBITDA was BRL 901.7 million against BRL 29.0 million for the same period a year ago. LBITDA was BRL 1113.2 million against BRL 31.3 million for the same period a year ago. Net debt as on March 31, 2018 was BRL 157.7 million against BRL 352.9 million as on March 31, 2017.