Revolution Lighting Technologies Inc. reported earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net loss of $45.7 million against income of $1.6 million a year ago. Adjusted LBITDA was $0.4 million against adjusted EBITDA of $5.2 million a year ago. Non-GAAP net loss was $3.5 million or $0.15 per diluted share against income of $3.0 million or $0.14 per diluted share a year ago. The decrease in revenue primarily reflects a slower recovery from the unprecedented weather conditions in Texas and the southeastern United States at Value Lighting division coupled with a slip of a number of energy savings projects to 2018.

For the year, the company reported net loss of $53.9 million against $0.5 million a year ago. Adjusted EBITDA was $4.7 million against $14.1 million a year ago. Non-GAAP net loss was $6.7 million or $0.34 per diluted share against net income of $5.5 million or $0.29 per diluted share a year ago.

For the quarter, the company reported impairment of goodwill of $10.7 million.

The company expects revenue for first quarter of 2018 to be in the $33 million to $35 million range, gross profit margin of 32% and Adjusted EBITDA of 3%.

The company expects full year 2018 revenue in the $165 million to $175 million range, an increase of 9% to 15% over 2017, gross profit margin of 32% to 33% and Adjusted EBITDA in the 8% to 10% range with positive free cash flow in the 6% to 7% range.