Velocys plc reported audited consolidated earnings results for the year ended December 31, 2016. Revenue was £1,445,000 against £2,002,000 a year ago. Operating loss was £17,085,000 against £22,188,000 a year ago. Loss before tax was £14,073,000 against £21,086,000 a year ago. Loss attributable to owners of the company was £12,669,000 against £20,051,000 a year ago. Loss per share basic and diluted was £8.84 against £14.13 a year ago. Net cash used in operating activities of £19,349,000 against £18,972,000 a year ago. Purchas of property, plant and equipment was £291,000 against £2,262,000 a year ago. Purchase of intangible assets was £356,000 against £395,000 a year ago.