Clearford Water Systems Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Clearford Water Systems Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. Revenue for the quarter was $1,668,881 compared with $836,768 for the prior year's quarter and included the first full quarter of revenue relating to the Clearford Koester acquisition. The operating loss before net financing costs was $1,776,946 for the quarter compared with $642,102 for the prior year's quarter and included a $651,072 foreign exchange loss on the Company's US dollar denominated debt. Net loss for the quarter was $2,714,492 or $0.02 per share compared with $1,383,283 or $0.02 per share for the prior year's quarter.