Dalet Digital Media Systems Reports Consolidated Earnings Results for the Six Months Ended June 30, 2017; Provides Earnings Guidance for the Full Year of 2017
Dalet Digital Media Systems reported consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenues of 20,896,000 against 22,964,000 a year ago. Current operating loss was 1,869,000 against 1,445,000 a year ago. Operating loss was 1,869,000 against 1,369,000 a year ago. Pre-tax loss was 2,015,000 against 1,694,000 a year ago. Net consolidated loss was 2,105,000 against 1,940,000 a year ago. Net loss, group share was 2,105,000 against 1,940,000 a year ago. EBITDA was 36,000 against 442,000 a year ago. Net cash flow from operating activities was 1,732,000 against 2,345,000 a year ago. Cash outflow for acquisitions of property, plant and equipment and intangible assets was 1,733,000 against 1,764,000 a year ago.
The company provided earnings guidance for the full year of 2017. For the year, based on these results and on the initial activity of the second semester, the company expects continued growth in 2017, and progressive improvement of its operating margins, with an objective of a current operating margin of 4% to 5% for the full year 2017.