Macro Enterprises Inc. Announces 2017 First Quarter Results

FORT ST. JOHN, BRITISH COLUMBIA--(Marketwired - May 24, 2017) - Macro Enterprises Inc. (TSX VENTURE:MCR) -

		Summary of financial Results (thousands of dollars except per share amounts)
		Three months ended March 31
		2017		2016
		(unaudited)		(unaudited)
Revenues		$12,741		$9,102
EBITDA1		(1,742)		(1,823)
Net (loss) earnings		(2,612)		(2,930)
Net (loss) earnings per share		($0.08)		($0.10)
Weighted average common shares outstanding (thousands) - basic		30,303		30,061

Note 1 - References to EBITDA are to net income from continuing operations before interest, taxes, amortization and impairment charge. EBITDA is not an earnings measure recognized by International Financial Reporting Standards ("IFRS") and does not have a standardized meaning prescribed by IFRS. Management believes that EBITDA is an appropriate measure in evaluating the Company's performance. Readers are cautioned that EBITDA should not be construed as an alternative to net income (as determined under IFRS) as an indicator of financial performance or to cash flow from operating activities (as determined under IFRS) as a measure of liquidity and cash flow. The Company's method of calculating EBITDA may differ from the methods used by other issuers and, accordingly, the Company's EBITDA may not be comparable to similar measures used by other issuers