Artivision Technologies Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported revenue of SGD 1,581,000 against SGD 2,209,000 a year ago. Loss from continuing operations was SGD 2,377,000 against profit of SGD 1,195,000 a year ago. Total losses were SGD 2,377,000 against SGD 826,000 a year ago. Total comprehensive loss was SGD 2,336,000 against SGD 1,204,000 a year ago. Net cash used in operating activities was SGD 573,000 against SGD 539,000 a year ago. Basic and diluted loss per share from continuing operations was 0.13 cents against profit of 0.09 cents a year ago. Basic and diluted loss per share was 0.13 cents against 0.06 cents a year ago. Loss before income tax was SGD 2,377,000 against profit of SGD 1,195,000 a year ago. For the nine months, the company reported revenue of SGD 3,865,000 against SGD 5,812,000 a year ago. Loss from continuing operations was SGD 4,836,000 against SGD 2,766,000 a year ago. Total losses were SGD 5,646,000 against SGD 7,186,000 a year ago. Total comprehensive loss was SGD 4,621,000 against SGD 7,668,000 a year ago. Net cash used in operating activities was SGD 5,095,000 against SGD 5,046,000 a year ago. Additions to property, plant and equipment were SGD 90,000 against SGD 75,000 a year ago. Basic and diluted loss per share from continuing operations was 0.27 cents against 0.22 cents a year ago. Basic and diluted loss per share was 0.32 cents against 0.57 cents a year ago. Loss before income tax was SGD 4,836,000 against SGD 2,766,000 a year ago. Net cash used in operating activities increased was mainly due to operating cash flow before changes in working capital of SGD 2.93 million as well as an increase in trade and other receivables of SGD 4.00 million. The increase was partially offset by increase in inventories of SGD 0.05 million, increase in other current assets of SGD 0.14 million and increase in trade and other payables of SGD 1.64 million. The decline in revenue was attributable to lower sales from the Group's Contract Manufacturing subsidiary, Colibri Assembly (Thailand) Co., Ltd, as a result of the slowdown of the hard disk drive industry.