Power Clouds Inc. announced financial results for the second quarter and six months ended June 30, 2017. Revenue for the second quarter of 2017 was $655,010, a 93% increase compared to $339,351 revenue for the same quarter of the previous year, ended June 30, 2016. The increase is primarily due to the inclusion of revenues from the recent acquisition of two PV parks in Italy that was completed on March 31, 2017. This growth will also be reflected in PWCL’s third quarter results due to the recurring nature of the revenue streams. Gross profit was $293,120, a 130% increase compared to $127,257 for the comparable period last year reflecting the immediately accretive 85% gross margins delivered from the Italian parks as well as a reduction of 40% in Romanian gross margins due to ongoing challenges with green certificate income there. For the first six months ended June 30, 2017, revenue was $934,260, a 51% increase compared to revenue of $617,698 for the same period of 2016. EBITDA loss narrowed to $70,670 for the six months ended June 30, 2017, compared to an $186,370 EBITDA loss for the comparable period of 2016. The net loss for the six months was $751,257, or $0.01 per fully diluted share, compared to a net loss of $446,161, or $0.01 per fully diluted share, for the six month period of 2016.