Netshoes (Cayman) Limited announced unaudited consolidated earnings and production results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales were $396.2 million compared with $347.9 million a year ago. Operating loss was $4,479,000 compared with $46,986,000 a year ago. Loss before income tax was $37,717,000 compared with $61,636,000 a year ago. EBITDA was $3.1 million compared with LBITDA was $42.6 million a year ago. Net loss was $37.7 million compared with $61.6 million a year ago. Adjusted net income was $0.6 million compared with loss of $24.4 million a year ago. Net cash used in operating activities was $78.5 million compared with $78.4 million a year ago. Purchase of property and equipment was $2,164,000 compared with $11,107,000 a year ago. Purchase of intangible assets was $10,960,000 compared with $16,293,000 a year ago. Net adjusted financial result was $32.7 million compared with $12.1 million a year ago. Basic and diluted loss per share was $1.79 compared with $2.92 a year ago.