GlyEco, Inc. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, net sales were $3,580,000 compared to $1,445,000 a year ago. Loss from operations was $991,000 compared to $645,000 a year ago. Net loss was $1,114,000 compared to profit of $283,000 a year ago. Adjusted LBITDA was $549,000 compared to $408,000 a year ago.

For the full year, net sales were $12,073,000 compared to $5,591,000 a year ago. Loss from operations was $4,336,000 compared to $3,184,000 a year ago. Net loss was $5,182,000 compared to $2,265,000 a year ago. Adjusted LBITDA was $1,996,000 compared to $1,837,000 a year ago. Loss before provision for income taxes was $5,166,614 compared to $3,284,612 a year ago. Basic and diluted net loss per share was $0.04 compared to $0.02 a year ago.

The company's initial guidance for full year 2018 includes the following: net revenues for 2018 are expected to be between $14.0 million and $16.0 million.

Quarterly adjusted EBITDA is expected to be positive in the second half of 2018.