Cyber Security 1 AB reported group and parent earnings results for the second quarter and six months ended June 30, 2018. For the quarter, on group basis, the company reported net revenue of EUR 5,654,000 compared to EUR 3,745,000 a year ago. Operating loss was EUR 703,000 compared to EUR 1,264,000 a year ago. LBITDA was EUR 687,000 compared to EUR 1,269,000 a year ago. Loss before tax was EUR 743,000 compared to EUR 1,308,000 a year ago. Loss attributable to parent was EUR 668,000 or EUR 0.0026 per share compared to EUR 1,253,000 or EUR 0.0049 per share a year ago. Cash outflow from operating activities was EUR 729,000 compared to EUR 587,000 a year ago. Acquisition of fixed assets was EUR 10,000.

For the six months, on group basis, the company reported net revenue of EUR 9,010,000 compared to EUR 7,505,000 a year ago. Operating loss was EUR 1,942,000 compared to EUR 2,126,000 a year ago. LBITDA was EUR 1,909,000 compared to EUR 2,091,000 a year ago. Loss before tax was EUR 2,556,000 compared to EUR 2,177,000 a year ago. Loss attributable to parent was EUR 2,486,000 or EUR 0.0082 per share compared to EUR 2,108,000 or EUR 0.0119 per share a year ago. Cash flow from operating activities was EUR 19,000 compared to cash outflow from operating activities of EUR 1,894,000 a year ago. Acquisition of fixed assets was EUR 674,000.

For the quarter, on parent basis, the company reported operating loss of EUR 115,000 compared to EUR 260,000 a year ago. Loss before tax was EUR 115,000 compared to EUR 260,000 a year ago. Loss for the period was EUR 115,000 compared to EUR 260,000 a year ago. Cash outflow from operating activities was EUR 579,000 compared to cash flow from operating activities of EUR 1,000 a year ago.

For the six months, on parent basis, the company reported operating loss of EUR 232,000 compared to EUR 458,000 a year ago. Loss before tax was EUR 231,000 compared to EUR 458,000 a year ago. Loss for the period was EUR 231,000 compared to EUR 458,000 a year ago. Cash outflow from operating activities was EUR 534,000 compared to EUR 1,361,000 a year ago.

With three major recently announced acquisitions of ADVANTIO, ITWAY & INFONET along with organic growth the company has seen a pro-forma group forecast of EUR 49.04 million revenue in 2018.