Rentech, Inc. (RTK) saw its loss widen to $34.28 million, or $1.48 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $8.86 million, or $0.44 a share.
Revenue during the quarter dropped 19.32 percent to $32.22 million from $39.94 million in the previous year period. Gross margin for the quarter stood at negative 2.31 percent as compared to a positive 0.33 percent for the previous year period. Operating margin for the quarter stood at negative 96.06 percent as compared to a negative 25.05 percent for the previous year period.
Operating loss for the quarter was $30.95 million, compared with an operating loss of $10 million in the previous year period.
Adjusted EBITDA for the quarter stood at negative $6.06 million compared to negative $3.95 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at negative 18.80 percent for the quarter compared to negative 9.89 percent in the last year period.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]
