MyCelx Technologies Corporation provided earnings guidance for the year 2015. For the year, the company expects revenue will be in line with that for the fiscal year 2014, and will be in the region of $13.5 to $13.8 million. The reduction in revenue is expected to result in a post tax loss in the region of $3.4 to $3.8 million.

The substantial reduction in the net loss of approximately 40% compared to fiscal year 2014 is due to the cost reductions implemented by the company in response to the current market conditions and which have been continuously monitored during the second half of 2015.