Minds + Machines Group Limited reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the six months, the company reported revenue of $5,277,000 against $7,384,000 a year ago. Operating earnings before interest, taxation, depreciation and amortisation (Operating EBITDA) was $238,000 against $1,098,000 a year ago. LBITDA was $424,000 against EBITDA of $82,000 a year ago. Loss before taxation was $505,000 against profit before taxation of $56,000 a year ago. Loss for the period from continuing operations was $526,000 against profit for the period from continuing operations of $56,000 a year ago. Retained loss for the period attributable to equity holders of the parent was $528,000 against $1,804,000 a year ago. Basic and diluted loss per share was 0.08 cents against basic and diluted earnings per share of 0.02 per share a year ago. Net cash outflows from operations were $785,000 against $2,459,000 a year ago. Payments to acquire intangible assets were $116,000.

For the third quarter, the company sales of approximately $6.0 million in third quarter to date, compared to $3.7 million for the same period last year. Year-to-date sales are in-line with that of last year at $11.6 million.