Defenx plc Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2018; Provides Earnings Guidance for the Year 2018
October 01, 2018 at 01:29 pm EDT
Defenx Plc announced unaudited consolidated earnings results for the six months ended 30 June 2018. For the six months, the company's revenue was 701,000 compared to 3,134,000 a year ago. Loss from operations was 1,511,000 compared to 1,413,000 a year ago. Loss before tax was 1,649,000 compared to 1,481,000 a year ago. Loss for the period attributable to equity holders of the parent was 1,598,000 or 0.067 per diluted share compared to 1,146,000 or 0.095 per diluted share a year ago. Net cash used in operating activities was 1,082,000 compared to 256,000 a year ago. Purchase of property, plant and equipment was 1,000 compared to 4,000 a year ago.
As a result of the issues raised above and detailed in the 2017 Accounts, the results for 2018 are expected to show minimal revenues and an operating loss.