AgJunction Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company's revenue or total sales were $13,776,000 compared to $13,341,000 a year ago. This increase was primarily driven by an increase in sales in the EMEA region, Europe, Middle East and Africa. Operating loss was $2,331,000 compared with $524,000 a year ago. Net loss before income taxes was $2,345,000 compared with $521,000 a year ago. Net loss was $2,345,000 or $0.02 per basic and diluted share compared to $540,000 or $0.00 per basic and diluted share a year ago. The decline in net loss was primarily driven by the aforementioned increases in R&D expenses as the company continues to invest in its corporate initiatives to drive innovation. LBITDA was $1,862,000 compared to $36,000 a year ago.

For the six months, the company's sales were $29,550,000 compared with $27,914,000 a year ago. Operating loss was $3,373,000 compared with income of $91,000 a year ago. Net loss before income taxes was $3,329,000 compared with income of $3,097,000 a year ago. Net loss was $3,329,000 or $0.03 per basic and diluted share compared with net income of $3,078,000 or $0.02 per basic and diluted share a year ago. Cash flows used in operating activities were $2,676,000 compared cash flows from operating activities of $7,882,000 a year ago. Purchase of property, plant and equipment was $357,000 compared with $212,000 a year ago. Adjusted LBITDA was $2,355,000 compared with adjusted EBITDA of $4,072,000 a year ago.

The company expects improved profitability for the remainder of the year 2018.