Electronic Cigarettes International Group, Ltd. reported unaudited consolidated earnings results for the third quarter ended of September 30, 2016. For the quarter, the company's net sales were $9.7 million, compared to $12.9 million in the third quarter of 2015 and $9.6 million in the second quarter of 2016. Loss from operations was $5,446,000 compared to $3,217,000 a year ago. Net sales for all periods exclude revenues from global e-commerce that are now in discontinued operations due to the sale of that business. Loss from continuing operations was $1,363,000 compared to Income from continuing operations of $10,137,000 a year ago. Loss from continuing operations before income taxes was $1,136,000 compared to income from continuing operations before income taxes of $10,441,000 a year ago. Net loss was $15,138,000 compared to net income of $9,229,000 a year ago. Diluted net loss per share was $0.14 compared to diluted net income per share of $0.09 a year ago. The company's adjusted EBITDA, excluding GEC's results, are now positive for the first time. So for the third quarter of 2016, adjusted EBITDA was a positive $147,000 against a loss of $730,000 in the same quarter last year and a loss of $477,000 in the second quarter of 2016.

For the quarter, the company reported Impairment of long-lived assets of $4,274,000.