Tronics reported consolidated unaudited earnings results for the first half of 2016. For the period, the company reported revenue of EUR 3,062,000 against EUR 4,197,000 a year ago. Operating loss was EUR 2,448,000 against EUR 1,070,000 a year ago. Net loss was EUR 2,555,000 against EUR 1,200,000 a year ago.

The company announced that revenue is expected to increase during the second half of 2016.

The company announced that full-year 2016 revenue will be lower than the previous year. Although the lower-than-expected revenue this year will be partially offset by the EUR 700,000 cost reduction program, which was fully implemented in the first quarter, it will weigh on the full year results.