VirtualArmour International Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of USD 4,003,090 against USD 2,673,310 a year ago. Loss from Operations was USD 61,803 against USD 356,392 a year ago. Net and comprehensive loss for the period was USD 119,199 against USD 410,694 a year ago. Basic and diluted loss per share was USD 0.00 against USD 0.01 a year ago. Adjusted EBITDA was USD 104,184 against LBITDA of USD 389,881 a year ago.

For the six months, the company reported revenue of USD 7,270,743 against USD 5,831,292 a year ago. Loss from Operations was USD 152,603 against USD 863,027 a year ago. Net and comprehensive loss for the period was USD 246,411 against USD 900,524 a year ago. Basic and diluted loss per share was USD 0.00 against USD 0.02 a year ago. Adjusted EBITDA was USD 119,095 against LBITDA of USD 788,379 a year ago.

The company provided earnings guidance for the second half of fiscal year 2018. For the second half, the company is optimistic and sees the growing threat of targeted breaches across all industries and business sizes driving increased cybersecurity budgets as companies prepare for 2019 and beyond. The company sees growing sales, marketing, and service organization driving a continued ramp up in the company's managed services sales and margin growth as expand into new markets.