Funtastic Limited provided earnings guidance for the fiscal year 2017 and 2018. For the year 2017, the company expected to report revenue of $55.7 million for the year ended 31 July 2017, down from $88.9 million in the prior corresponding period. The 37.4% reduction in revenue reflects the loss of some agency brands and reduced international sales. The company expected to report an EBITDA loss of $5.5 million for the period, with a $7.6 million reduction in total overheads largely offsetting the revenue and gross margin contraction. For the year 2018, the company is expecting to deliver EBITDA in the range of $2.0 ­million - 3.5 million, driven by continued restructuring initiatives and significant further reductions in overheads.