NTN Buzztime, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenues were $5,761,000 against $5,231,000 a year ago. Increases in both other revenue and equipment revenue due to more installations for customers under sales-type lease arrangement were partially offset by a decrease in subscription revenue due to lower site count. Operating loss was $313,000 against $834,000 a year ago. Loss before income taxes was $407,000 against $84,000 a year ago. Net loss was $409,000 against $90,000 a year ago. Net loss per common share – basic and diluted was $0.16 against $0.04 a year ago. Net cash used in operating activities was $120,000 against $466,000 a year ago. Capital expenditures were $169,000 against $97,000 a year ago. Total EBITDA was $325,000 against $654,000 a year ago.

For the year 2018, the company anticipates fluctuations in cash flow from operations to continue throughout the year, but will be roughly neutral for the full year period. The company expects EBITDA to continue to fluctuate, as make decisions for investment that will impact growth.