Cision Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported revenue was $157,131,000 against $90,826,000 a year ago. Operating income was $10,411,000 against loss of $13,781,000 a year ago. Loss before income taxes was $26,379,000 against $54,023,000 a year ago. Net loss was $19,148,000 against $20,966,000 a year ago. Diluted loss per share was $0.23 against $0.26 a year ago. Adjusted EBITDA was $58,496,000 against $30,968,000 a year ago. Adjusted net income was $11,559,000 against $3,645,000 a year ago. Adjusted pro forma net income per diluted share was $0.14 against $0.04 a year ago.

For the six months, the company reported revenue was $302,949,000 against $168,530,000 a year ago. Operating income was $17,178,000 against loss of $14,585,000 a year ago. Loss before income taxes was $56,426,000 against $68,079,000 a year ago. Net loss was $42,141,000 against $35,112,000 a year ago. Diluted loss per share was $0.51 against $0.43 a year ago. Net cash provided by operating activities was $18,108,000 against net cash used in operating activities of $18,435,000 a year ago. Purchases of property and equipment was $5,273,000 against $1,182,000 a year ago. Adjusted EBITDA was $107,318,000 against $58,372,000 a year ago. Adjusted net income was $17,514,000 against $8,306,000 a year ago. Adjusted pro forma net income per diluted share was $0.21 against $0.10 a year ago. Adjusted net cash provided by operating activities was $38,680,000 against $23,992,000 a year ago.

For the full fiscal year ending December 31, 2017, the company expects revenue of between $636 million and $640 million; including the acquisition of Bulletin Intelligence and the divestiture of Vintage, as if both occurred on January 1, 2017, revenue of between $639 million and $643 million; adjusted EBITDA of between $224 million and $226 million; including the acquisition of Bulletin Intelligence and the divestiture of Vintage, as if they both occurred on January 1, 2017, adjusted EBITDA of between $226 million and $228 million; adjusted net income of between $60 million and $62 million; and adjusted pro forma net income per share per of between $0.59 and $0.61. Depreciation expense of between $24 million and $26 million; net interest expense, exclusive of debt extinguishment costs, of between $116 million and $118 million. Capital expenditures, inclusive of capitalized software development, of between $26 million and $28 million. Adjusted net cash provided by operating activities of between $98 million and $102 million.