Pivot Technology Solutions, Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company reported revenue of $381,343,000 against $400,734,000 a year ago. Income before income taxes was $721,000 against $2,568,000 a year ago. Income for the period attributable to shareholders was $214,000 or $0.01 basic and diluted share against $2,030,000 or $0.05 basic and diluted share a year ago. Adjusted EBITDA was $5.1 million compared to $7.3 million in the second quarter of 2017 due to lower revenue and product margins, partially offset by improved service gross margins and lower SG&A costs. Overall, revenues declined 4.8% for the quarter, primarily due to a 6.2% decrease in product sales. As a result of the lower product revenue, partially offset by lower SG&A, adjusted EBITDA was $2.2 million below Second Quarter of last year. second quarter cash used in operating activities decreased $15.8 million compared to the prior year, primarily due to the timing of noncash working capital items, specifically accounts receivable, inventory and accounts payable. For the six months, the company reported revenue of $750,609,000 against $726,157,000 a year ago. Loss before income taxes was $1,999,000 against $2,229,000 a year ago. Loss for the period attributable to shareholders was $2,255,000 or $0.06 basic and diluted share against $2,106,000 or $0.05 basic and diluted share a year ago. Adjusted EBITDA was $6.6 million, up 15.0% from $5.7 million a year ago. At June 30, debt position was $159 million, up from $135 million at December 31. And as a reminder, the timing of noncash working capital items will affect net debt position going forward.