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Etrion narrows Q4'18 negative adjusted EBITDA, net loss YOY

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Etrion narrows Q4'18 negative adjusted EBITDA, net loss YOY

Etrion Corp. on March 13 posted fourth-quarter 2018 adjusted EBITDA of negative $22,000, up from negative adjusted EBITDA of $628,000 in the same quarter of 2017.

The company also recorded a net loss of $2.6 million during the quarter, compared to a net loss of $4.2 million in fourth-quarter 2017.

Adjusted operating cash flow increased to $1.4 million, from negative $1.4 million in the same period in 2017.

Electricity production totaled 12,190 MWh in the fourth quarter, compared to 7,485 MWh in the prior-year period.

On a full-year basis, 2018 adjusted EBITDA was $8 million, up from $4.7 million in 2017.

Net loss in 2018 was $8.6 million during the quarter for Etrion, compared to net income of $16.5 million in 2017.

Adjusted operating cash flow increased to $8.0 million in 2018, from $3.7 million in 2017. Electricity production totaled 56,786 MWh for the year, compared to 149,048 MWh in 2017.