Health food and fast-casual restaurant franchise Freshii Inc. (Freshii Inc. Stock Quote, Chart, News: TSX:FRII) released its fourth quarter and year ended December 31, 2017, financial results on Thursday, with revenue arriving in-line with expectations, says Elizabeth Johnston, analyst with Laurentian Bank Securities, who gives a \u201cHold\u201d rating to the stock. Key numbers for Freshii\u2019s Q4\/17 had already been released in late January, with same store sales for the Toronto-based company up by 6.4 per cent in Q4 and 5.5 per cent for fiscal 2017. Freshii opened 25 net new stores in Q4, along with six closures and nine e-store openings (the company has 370 locations in the Americas and Europe). Those numbers are in line with Johnston\u2019s forecast, as were revenue of $5 million and adjusted EBITDA of $2.1 million for Q4 and adjusted EBITDA for fiscal 2017 of $7.2 million. FRII began trading on the TSX in February of 2017, with the stock having lost half of its value over the past year. But management says things are looking up. \u201cWe have learned a lot about operating in the public markets and have made progress towards driving our mission and building the start of an omni-channel brand,\u201d says Matthew Corrin, Freshii Chairman and CEO in a press release today. \u201cOur team\u2019s focus on improving as each quarter has progressed is noticeable, and we are determined to carry that positive momentum into 2018.\u201d Johnston judges the investment impact of the Q4. \u201cWe rate Freshii a \u2018Hold\u2019 with a $7.00 target price, which is based on 14x our 2018 EBITDA estimate,\u201d says the analyst.