Pioneering Technology Corp. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended June 30, 2018; Provides Revenue Guidance for the Year 2018
For the nine months, the company reported revenue of $3,968,863 compared to $7,204,028 a year ago. Total comprehensive loss was $1,302,680 or $0.03 per share compared to income of $57,435 a year ago. Adjusted LBITDA was $1,389,529 compared to adjusted EBITDA of $1,709,754 a year ago.
The company has been experiencing revenue declines and no longer expects that 2018 revenue will exceed 2017 revenue.