Net Insight AB (publ) announced unaudited consolidated and parent earnings results for the second quarter and six months ended June 30, 2017. For the quarter, on consolidated basis, the company reported net sales of SEK 93,504,000 against SEK 132,331,000 a year ago. Operating loss was SEK 21,531,000 against earnings of SEK 11,954,000 a year ago. Loss before tax was SEK 19,279,000 against profit of SEK 8,529,000 a year ago. Net loss for the period attributable to the shareholders of the parent company was SEK 12,751,000 or SEK 0.03 per diluted share against profit of SEK 5,659,000 or SEK 0.01 per diluted share a year ago. Cash outflow from operating activities was SEK 10,136,000 against cash inflow from operating activities of SEK 7,945,000 a year ago. Investment in intangible assets, net was SEK 17,746,000 against SEK 19,066,000 a year ago. Investment in tangible assets, net was SEK 1,327,000 against SEK 363,000 a year ago. LBITDA was SEK 16.6 million against EBITDA of SEK 8.9 million a year ago. On adjusted basis, net sales were SEK 94.1 million against SEK 134.1 million a year ago. Operating loss was SEK 20.2 million against profit of SEK 14.4 million a year ago. Return on equity was 3.0% against 2.6% a year ago.

For the six months, on consolidated basis, the company reported net sales of SEK 203,914,000 against SEK 242,286,000 a year ago. Operating loss was SEK 14,078,000 against earnings of SEK 19,771,000 a year ago. Loss before tax was SEK 6,296,000 against profit of SEK 24,842,000 a year ago. Net loss for the period attributable to the shareholders of the parent company was SEK 899,000 or SEK 0.00 per diluted share against profit of SEK 19,687,000 or SEK 0.05 per diluted share a year ago. Cash flow from operating activities was SEK 33,391,000 against SEK 42,176,000 a year ago. Investment in intangible assets, net was SEK 45,666,000 against SEK 40,604,000 a year ago. Investment in tangible assets, net was SEK 1,681,000 against SEK 1,216,000 a year ago. LBITDA was SEK 20.7 million against EBITDA of SEK 11.9 million a year ago. On adjusted basis, net sales were SEK 205.2 million against SEK 246.7 million a year ago. Operating loss was SEK 11.4 million against profit of SEK 25.6 million a year ago. Return on equity was 3.0% against 2.6% a year ago.

For the quarter, on parent basis, the company reported net sales of SEK 110,941,000 against SEK 146,810,000 a year ago. Operating loss was SEK 12,658,000 against earnings of SEK 18,746,000 a year ago. Loss before tax was SEK 10,614,000 against profit of SEK 15,894,000 a year ago. Net loss was SEK 7,793,000 against profit of SEK 11,220,000 a year ago.

For the six months, on parent basis, the company reported net sales of SEK 235,539,000 against SEK 268,504,000 a year ago. Operating earnings were SEK 3,722,000 against SEK 32,702,000 a year ago. Profit before tax was SEK 11,123,000 against SEK 38,185,000 a year ago. Net income was SEK 10,398,000 against SEK 30,519,000 a year ago.

For the second half sales are expected to be in line with the corresponding period in 2016, implying sales in the range of +/- 10% compared to the same period last year.