Clean Diesel Technologies Inc. reported unaudited earnings results for the first quarter ended March 31, 2016. For the quarter, the company's revenues were $9.7 million compared to $10.3 million a year ago. Loss from operations was $3.2 million compared to $2.7 million a year ago. Loss before income tax was $3.2 million compared to $2.8 million a year ago. Net loss was $2.8 million compared to $3.0 million a year ago. Basic and diluted LPS were $0.15 compared to $0.21 a year ago.

The company reaffirmed full year 2016 guidance for revenue to be between of $39 million and $43 million. The company continues to expect gross margin to be between 27% and 29%. Based on these assumptions and cost reductions undertaken in 2015 and 2016, the company plans to be breakeven on an income from continuing operations basis by the fourth quarter of 2016.