Gourmet Ocean Products Inc. announced earnings results for the fourth quarter and year ended September 30, 2016. For the quarter, sales were $1,944,457, loss from operations was $44,191, net loss was $1,390,581, LBITDA was $1,245,696 and adjusted EBITDA was $92,500 against sales of $88,808, loss from operations of $432,479, net loss of $430,959, LBITDA of $270,932 and adjusted LBITDA of $247,794 a year ago. Diluted loss per share was $0.01 against $0.01 a year ago. In the year ended September 30, 2016, Gourmet reported sales of $3,882,581, compared with $4,282,879 during the year ended September 30, 2015. Sales decreased by $400,298 as a result of the decrease in sales of harvested sea cucumber in China due to a slowing down Chinese economy. Cash flow improved during the year ended September 30, 2016 as adjusted EBITDA was negative $631,563 versus negative $1,304,350 during the prior year. Net loss for the year ended September 30, 2015 was $2,369,162, compared to a net loss of $1,892,016 for the year ended September 30, 2015. The increase in net loss for the year ended September 30, 2016 is due to an inventory impairment taken as part of audit in the amount of $1,338,246. Loss from operations was $1,015,386 against $1,892,016 a year ago. LBITDA was $1,978,933 against $1,524,305 a year ago.