IPic Entertainment Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and First Nine Months Ended September 30, 2017; Provides Earnings Guidance for the Year Ending December 31, 2018
For the quarter, the company announced total revenues were $32,591,000 compared to $30,082,000 for the same period a year ago. Operating loss was $7,373,000 compared to $6,070,000 for the same period a year ago. Net loss before income tax expense was $11,508,000 compared to $9,343,000 for the same period a year ago. Net loss was $11,530,000 compared to $9,359,000 for the same period a year ago. LBITDA was $2,399,000 compared to $2,069,000 for the same period a year ago. Adjusted LBITDA was $1,701,000 compared to adjusted EBITDA of $154,000 for the same period a year ago.
For the year ending December 31, 2018, the company currently expects: total revenue growth of 3% to 7%; comparable-store sales growth in the range of 0% to 5%; store-level EBITDA, a non-GAAP measure, growth of 20% to 30%; adjusted EBITDA, a non-GAAP measure, loss of $1.5 million to loss of $0.5 million; capital expenditures of $20 million to $25 million, net of tenant improvement dollars.