UrtheCast Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported revenue of CAD 2,151,000 against CAD 10,165,000 a year ago. Operating loss was CAD 12,838,000 against CAD 5,707,000 a year ago. Loss before income taxes was CAD 16,632,000 against CAD 6,573,000 a year ago. Net loss was CAD 16,529,000 against CAD 6,400,000 a year ago. Basic and diluted loss per share was CAD 0.13 against CAD 0.05 a year ago. LBITDA was CAD 10,719,000 against CAD 1,889,000 a year ago. Adjusted LBITDA was CAD 6,821,000 against CAD 374,000 a year ago.

For the nine months, the company reported revenue of CAD 9,795,000 against CAD 31,415,000 a year ago. Operating loss was CAD 35,978,000 against CAD 16,319,000 a year ago. Loss before income taxes was CAD 41,153,000 against CAD 18,345,000 a year ago. Net loss was CAD 40,840,000 against CAD 15,384,000 a year ago. Basic and diluted loss per share was CAD 0.33 against CAD 0.13 a year ago. LBITDA was CAD 20,133,000 against CAD 4,121,000 a year ago. Adjusted LBITDA was CAD 20,253,000 against CAD 804,000 a year ago.

The company reported impairment for the third quarter of 2018. For the quarter, the company reported asset impairment of CAD 744,000 against CAD 355,000 a year ago.