Arq Group reported earnings results for the half year ended June 30, 2018. For the period, the company reported revenue of $112.4 million compared to $91.0 million a year ago. The increase has been driven by continued growth in the group's enterprise mobile application services business, enterprise data and analytics business and the acquisition in May 2017. EBITDA was $8.3 million compared to $15.1 million a year ago. Underlying EBITDA was $18.6 million compared to $16.6 million a year ago. NLAT was $2.7 million compared to NPAT of $7.7 million a year ago. Underlying NPAT was $9.1 million compared to $7.7 million a year ago.

For the fiscal year 2018, the company expects that the SMB business will finish lower than the expectation due to lower than anticipated solutions sales and the unexpected cancellation of services to a major customer. As a result, The company expects the Group underlying EBITDA to be between $37.0 million and $39.0 million.

For the fiscal year 2019, the company expects underlying EBITDA growth of 7%-15%.