Pyrolyx AG reported audited consolidated earnings results for the year ended December 31, 2016. For the period, the company reported revenues of €263,800 against €1,364,700 reported last year. Operating loss was at of €7,589,200 against €15,343,000 reported last year. Loss before tax was at €8,930,700 against €6,407,900 reported last year. Net loss was at €8,934,700 against €9,460,400 reported last year. Cash used in operating activities was at €4,432,300 against €5,117,000 reported last year. Investment in to long term intangible assets was at €9,700 against €210,000 reported last year.

For the full year 2017, the company anticipates group revenue from the sale of rCB, purolysis oil and steel to total about €1 million. No sales of technical components (by Pyrolyx Invent GmbH) are expected in 2017.