EXO U Inc. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2016. For the quarter, the company's revenue was CAD 37,139. Adjusted LBITDA was CAD 557,940 against CAD 1,505,560 a year ago. Net loss was CAD 536,249 or CAD 0.01 per diluted share against CAD 1,257,766 or CAD 0.03 per diluted share a year ago. The company recorded CAD 37,139 of revenue and invoiced CAD 88,465 in the three months ended September 30, 2016. There were no sales or revenues in the corresponding period in the prior year. The difference between sales and revenue is reflected in deferred revenue and will be reflected in revenue over the next year. Negative EBITDA was CAD 433,493 against CAD 1,205,241 a year ago.

For the six months, the company's revenue was CAD 37,139. Adjusted LBITDA was CAD 1,941,622 against CAD 3,374,006 a year ago. Net loss was CAD 2,103,729 or CAD 0.03 per diluted share against CAD 3,359,414 or CAD 0.08 per diluted share a year ago. Negative EBITDA was CAD 1,951,622 against CAD 4,262,671 a year ago.

The company expects that additional sales and revenue will be recorded in future periods. The company expects to continue to incur further operating losses and negative cash flows from operating activities in the development of its business.