Netshoes (Cayman) Limited announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net sales were BRL 461,331,000 compared with BRL 401,644,000 a year ago. Operating loss was BRL 12,205,000 compared with BRL 11,348,000 a year ago. Loss before income tax was BRL 35,155,000 compared with BRL 33,637,000 a year ago. Net loss was BRL 35,157,000 compared with BRL 33,637,000 a year ago. Basic and diluted loss per share was BRL 1.49 compared with BRL 1.61 a year ago. LBITDA was BRL 8.9 million compared with BRL 5.8 million a year ago. EBITDA for the period was impacted the strategic initiatives intended to expand the company's market share and customer base together with the returns in the B2B business. The second quarter result was negative BRL 8.9 million compared to a negative BRL 5.8 million in the year-ago quarter, and EBITDA margin declined 0.5% points year-over-year. The result includes the negative impact of BRL 2.1 million in the B2B business. Net adjusted financial result was BRL 18.7 million compared with BRL 19.70 million a year ago. The result was negatively impacted by an increase of BRL 12.5 million of returns recorded in the B2B business. In first half of 2017 net sales amounted to BRL 857.6 million, representing a 14.4% increase over the year-ago period (+17.7% on an FX neutral basis). Net debt was BRL 94.3 million compared with positive BRL 184.3 million a year ago. Net cash used in operating activities was BRL 28.3 million compared with net cash provided by operating activities was BRL 43.2 million a year ago. Capex was BRL 14.1 million compared with BRL 7.7 million a year ago. Adjusted net profit was BRL 2.3 million against loss of BRL 8.6 million a year ago. For the six months, the company reported net sales were BRL 857,559,000 compared with BRL 749,507,000 a year ago. Operating loss was BRL 16,684,000 compared with BRL 58,244,000 a year ago. Loss before income tax was BRL 78,872,000 compared with BRL 95,723,000 a year ago. Net loss was BRL 72,874,000 compared with BRL 95,273,000 a year ago. Basic and diluted loss per share was BRL 3.09 compared with BRL 4.54 a year ago. LBITDA was BRL 5.8 million compared with BRL 48.4 million a year ago. Net adjusted financial result was BRL 51.4 million compared with BRL 31.8 million a year ago. Net cash used in operating activities was BRL 106,784,000 compared with BRL 35,171,000 a year ago. Purchase of property and equipment was BRL 4,487,000 compared with BRL 17,858,000 a year ago. Purchase of intangible assets was BRL 22,770,000 compared with BRL 17,269,000 a year ago. Capex was BRL 27.3 million compared with BRL 35.1 million a year ago. Adjusted net profit was BRL 2.9 million against loss of BRL 33.1 million a year ago.