Pinnacle Renewable Holdings Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the period, the company reported revenue was $71,022,000 against $67,847,000 a year ago. Net loss before income taxes was $18,468,000 against $389,000 a year ago. Basic and diluted net loss per share attributable to owners was $0.58 against $0.08 a year ago. Adjusted EBITDA was $11,957,000 against $12,156,000 a year ago. Maintenance capital expenditures were $1,038,000 against $1,000,000 a year ago. Growth capital expenditures were $26,454,000 against $2,753,000 a year ago. Cash provided by operating activities before net change in non-cash operating working capital was $9,490,000 against $10,954,000 a year ago.

The company remain on track to meet target of between $61 million to $65 million in Adjusted EBITDA for Fiscal 2018.