Windlab Limited announced consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue from contracts with customers of AUD 1,837,519 compared to AUD 5,336,638 a year ago. LBITDA was AUD 1,862,097 compared to EBITDA was AUD 1,499,074 a year ago. Loss before tax was AUD 1,988,862 compared to Income of AUD 732,776 a year ago. Loss for the period was AUD 1,315,778 compared to income of AUD 647,043 a year ago. Loss of AUD 0.02 per basic and diluted share compared to income of AUD 0.02 per diluted share a year ago. Net cash used in operating activities was AUD 4,823,911 compared to AUD 344,451 a year ago. Purchase of property, plant and equipment was AUD 149,786 compared to AUD 83,248 a year ago. Net tangible backing per ordinary share was 79.1 cents.

For the second half of 2018 the company expects that the company was in line with expectations, reflecting a planned concentration of development revenue in the second half of the year.