Big Sofa Technologies Group PLC reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenue of GBP 503,000 against GBP 499,000 a year ago. Revenue was only marginally up against the previous year's first half. This was a result of the change in strategy which saw the company shift its focus from lower margin business that had, in the first half of 2016, accounted for a large portion of revenues, to that of cultivating higher quality revenues from the major global clients with whom strategic partnerships have been formed. This led to revenue from IPSOS almost quadrupling and revenue from P&G more than doubling. This trend is set to continue into the second half of 2017 and beyond. Operating loss was GBP 2,183,000 against GBP 811,000 a year ago. Loss before Income tax was GBP 2,229,000 against GBP 814,000 a year ago. Loss for the year was GBP 2,128,000 against GBP 814,000 a year ago. Basic and diluted loss per share was 3.74 pence against 848.20 pence a year ago. Net cash outflow from operations was GBP 1,750,000 against GBP 184,000 a year ago. Purchases of property, plant and equipment were GBP 52,000.

The company believes that the outlook is positive with material revenue growth expected to be generated in the second half of 2017. Revenues in the second half are expected to significantly outweigh those in the first half.