UrtheCast Corp. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018; Reports Asset Impairment for the Third Quarter of 2018
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.