Somoto Ltd. provided earnings guidance for the second quarter of 2018. For the quarter, total revenue is expected to be within the range of $13.3 million -$13.6 million. The company also expects EBITDA to be within the range of $3.0 million -$3.2 million in this quarter, representing about 23% of revenue compared with about 18% in the first quarter of 2018. The average forecast for the range reflects a rise of about 14% in the company's revenue compared with the first quarter of 2018. The rise in EBITDA stems mainly from a return to operational profitability in the video ad sector and was achieved despite expenditure of about $2.7 million for sales and marketing expenses regarding the distribution of the company's products via online ad networks in the app distribution sector, where expenses were recorded as they arose and revenue accruing over time. The company continues to create significant positive cash flows from routine operations.