Clarocity Corporation Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2017
Clarocity Corporation announced earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total revenue was $3.59 million compared to $2.33 million a year ago. Net and comprehensive loss was $4.64 million compared to a net loss of $3.18 million for the same period in 2016.
For the year, the company reported total revenue was $13.25 million compared to $6.30 million for the same period in 2016, an increase of 110%. Net and comprehensive loss of $14.53 million or $0.06 per share for the twelve months ended December 31, 2017 compared to a net loss of $9.63 million or $0.05 per share for the same period in 2016.