BLIS Technologies Limited provided earnings guidance for the six months ending 30 September 2017 and full year ending 31 March 2018. For the six months, these results will show a reduction in trading revenue for year 2018 of 46% compared with the same period last year that is half year 2018 of $2.069 million compared with half year 2017 of $3.836 million. In half year of fiscal 2017, the company experienced sales that related to a significant stock build by Japan and USA distributors to support new launch activity. This has impacted on sales in half year 2018 as these distributors have purchased less stock as they have rundown their stock levels. As a consequence of the drop in revenue and increase in marketing and business development expenditure, there is an EBITDA deficit of $953,000 and a net deficit before tax of $1.246 million for half year 2018 which will be shown in the half year report. While the performance in the half year of fiscal 18 is below expectations, the Board anticipates a recovery in the second half of the financial year ending 31 March 2018. Contributors to this recovery include a move into the peak sales period for products over the northern hemisphere winter, new customer launches in several markets and a return to normal ordering patterns following a correction in stock holding within the supply chain. The company has invested in revising the finished product portfolio and upgrading its marketing collateral, including the company's on-line presence. This puts the company in a stronger position to progress plans for finished product launches into key new markets, including expanding its on-line sales efforts internationally. As a result of this information and known orders in October and November the Board expects the company's revenue for the year ending 31 March 2018 to be similar to that of fiscal year 2017, with a small positive EBITDA and a net deficit.