Divestco Inc. Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
Divestco Inc. announced earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported revenue of $3,323,000 as compared to $7,679,000 a year ago. EBITDA was $229,000 as compared to $5,160,000 a year ago. Net Loss was $1,784,000 or 0.03 per basic and diluted share as compared to profit of $3,297,000 or $0.05 per basic and diluted share a year ago.
For the year, the company reported revenue of $12,755,000 as compared to $15,966,000 a year ago. EBITDA was $2,087,000 as compared to $5,745,000 a year ago. Net Loss was $7,542,000 or 0.11 per basic and diluted share as compared to $1,937,000 or $0.03 per basic and diluted share a year ago.