Ivisys AB reported earnings results for the first quarter ended March 31, 2016. For the quarter, revenue was negative SEK 184,000. Operating income was SEK 1,358,000. Earnings per share were negative SEK 0.22.

The company anticipated that fourth quarter of 2016 will be the first profitable quarter and expects to achieve a turnover of SEK 100 million in 2018, which is also expected to be the year when IVISYS passes 200 installations.