AquaVenture Holdings Limited reported unaudited consolidated earning results for the second quarter and six months ended June 30, 2018. For the second quarter of 2018, total revenues increased 15.4% to $34.4 million from $29.8 million in the 2017 period. Net loss was $4.9 million or $0.19 per share, compared to a net loss of $5.3 million or $0.20 per share in the same period of 2017.  Adjusted EBITDA was $11.2 million for the second quarter of 2018, a 17.0% increase over $9.6 million in the prior year period. Net cash provided by operating activities was $8.7 million compared to $6.2 million for the same period of 2017. Capital expenditures were $4.4 million compared to $4.0 million in the same period of 2017.  Loss from operations was $1.083 million compared to $1.82 million a year ago. Loss before income tax expense was $4.589 million compared to $4.526 million a year ago.

For the six months ended June 30, 2018, total revenue increased 13.9% to $67.0 million from $58.8 million in the same period of 2017. Net loss was $11.3 million, or $0.42 per share, compared to a net loss of $11.3 million, or $0.43 per share, in the prior year period.  Adjusted EBITDA was $21.6 million for the six months ended June 30, 2018, a 17.2% increase over Adjusted EBITDA of $18.4 million in the same period of 2017.  Net cash provided by operating activities was $13.8 million compared to $12.4 for the same period of 2017.  Capital expenditures were $7.2 million for the first half of 2018, flat with the prior year period. Loss from operations was $3.632 million compared to $4.001 million a year ago. Loss before income tax expense was $10.528 million compared to $9.637 million a year ago.

For the full year 2018 outlook, the Company reaffirms that it expects to achieve the following financing results, which includes the results of the acquisitions completed since the beginning of 2018: Revenues between $131 million and $136 million; Adjusted EBITDA between $42 million and $47 million; Principal collected on the Peru construction contract is projected to be $4.9 million; and Adjusted EBITDA plus the principal collected on the Peru construction contract between $47 million and $52 million.