EXO U Inc. announced earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported negative adjusted EBITDA of CAD 1,459,161 against CAD 2,264,341 a year ago. Net loss was CAD 1,702,769 or CAD 0.03 per basic and diluted share against CAD 2,929,508 or CAD 0.07 per basic and diluted share a year ago. Negative EBITDA was CAD 1,649,442 against CAD 2,883,185 a year ago.

For the nine months, the company reported revenue of nil against CAD 815,923 a year ago. Adjusted LBITDA was 4,833,167 against CAD 5,291,049 a year ago. Net loss was CAD 5,062,183 or CAD 0.11 per basic and diluted share against CAD 4 7,169,495 or CAD 0.17 per basic and diluted share a year ago. Negative EBITDA was CAD 4,912,113 against CAD 7,030,484 a year ago.