Tremor Video, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company announced revenue of $41,400,000 compared to $34,565,000 for the same period a year ago. Loss from operations was $6,824,000 compared to $10,494,000 for the same period a year ago. Loss before provision for income taxes was $6,851,000 compared to $10,748,000 for the same period a year ago. Net loss was $6,860,000 compared to $11,074,000 for the same period a year ago. Net loss per share, basic and diluted was $0.14 compared to $0.21 for the same period a year ago. Adjusted LBITDA was $2,400,000 compared to $4,222,000 for the same period a year ago. Net cash used in operating activities was $11,767,000 compared to $2,642,000 for the same period a year ago. Purchase of property and equipment was $754,000 compared to $854,000 for the same period a year ago. Total spend was $60.9 million, up 19%. This quarter were driven by growth in company higher-function buying products, which increased 37% from the same period last year.

The company provided earnings guidance for the second quarter and full year of fiscal 2017. For the quarter, the company expects revenue to be in the range of $38.0 million to $42.0 million and adjusted LBITDA to be in the range of $2.0 million to EBITDA of $1 million.

For the full year, the company expects revenue to be in the range of $182 million to $192 million and adjusted EBITDA to be in the range of $3.0 million to $7.0 million.