Dover Motorsports, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. The company reported revenue from event related of $226,000 compared to $110,000 a year ago. Operating loss was $1,246,000 compared to $4,071,000 a year ago. Loss before income taxes was $1,349,000 compared to $4,108,000 a year ago. Net loss was $992,000 compared to $2,405,000 a year ago. Diluted net loss per share was $0.03 compared to $0.07 a year ago. Adjusted loss before income taxes was $3,861,000 compared to $3,822,000 a year ago. Adjusted net loss was $2,976,000 compared to $2,238,000 a year ago. Adjusted net loss per common share - basic and diluted was $0.08 compared to $0.06 a year ago. Net cash used in operating activities was $1,424,000 compared to $2,178,000 a year ago. Capital expenditures were $139,000 compared to $235,000 a year ago.

The company's plan for capital spending in 2018 is for just under $1.5 million, the biggest components of which are suites, restrooms and a garage redesign plan, with the balance being other facility improvements. And as of now, the company expects to come in right around that or a little below that number.