Frankly Inc. announced unaudited earnings results for the second quarter and six months ended June 30, 2018. For the quarter, revenue was flat at $5.8 million from $5.8 million in the prior quarter and decreased 11% from $6.5 million in the second quarter of 2017. The year over year decrease was due to decreases in advertising revenue, usage fees, as well as professional services fees due to less ad hoc professional services engagements in the 2018 period. Net loss totaled $1.5 million compared to $3.8 million in the prior quarter and $2.4 million in the second quarter of 2017. The year over year decrease in net loss of $945,000 was primarily due to an $824,000 decrease in general and administrative expense, a $284,000 decrease in selling and marketing expense and a $350,000 decrease in research and development expense, all of which were primarily due to a reduction in compensation costs, including stock-based compensation, due to the headcount reduction related to the Company wide reduction-in-force implemented in mid-February 2018. Adjusted EBITDA was $650,000 compared to adjusted EBITDA loss of $756,000 in the prior quarter and adjusted EBITDA loss of $381,000 in the second quarter of 2017. The year over year increase in adjusted EBITDA of $1.0 million was primarily due to a decrease in net loss of $945,000 explained above. For the six months, the company reported revenue decreased 10% to $11.5 million from $12.9 million in the same period in 2017. The decrease was due to decreases in advertising revenue, usage fees, as well as professional services fees due to less ad hoc professional services engagements in the 2018 period. Net loss totaled $5.3 million, compared to $3.9 million in the same period in 2017. The increase in net loss was primarily due to a $1.4 million decrease in revenue, a $588,000 increase in retention expense relating to employee retention plan which was rolled out in connection with the strategic investor search in the fourth quarter of 2017 and a $542,000 increase in restructuring expense related to the Company-wide reduction-in-force. Adjusted EBITDA loss totaled $106,000 compared to adjusted EBITDA of $48,000 in the prior year period. The decrease in adjusted EBITDA was due to an increase in net loss of $1.4 million, partially offset by add-backs to net loss for the $588,000 increase in retention expense and $542,000 increase in restructuring expense.