GlyEco, Inc. announced earnings and operating results for the first quarter ended March 31, 2015. The company's revenue was $1.34 million for the quarter ended March 31, 2015 compared to $1.65 million for same period last year, a decrease of $310,590 or 18.8%. Operating loss for the quarter improved by $210,713 to negative $935,851, an improvement of 18.4% when compared to the negative $1.15 million of operating loss for the same period last year. Net loss available to common shareholders for the quarter improved by $2.46 million to negative $978,766, an improvement of 71.5% when compared to the negative $3.44 million of net income available to common shareholders for the same period last year. Basic loss per share was $0.02 compared to basic loss per share of $0.07 for the same period last year. Adjusted EBITDA (non-GAAP) for the quarter improved 25.8% to negative $399,943 from negative $539,282 in the same period last year.

For the quarter, the company reported the processing centers (excluding New Jersey), total gallons sold increased 19% to 264,000 from 221,000 in the same period last year. For the processing centers (Elizabeth, New Jersey), total gallons sold decreased 76% to 75,000 from 315,000 in the same period last year.