LeadFX Inc. reported audited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, the company reported net loss and comprehensive loss of $2,534,000 or $0.06 per basic and diluted share against $6,804,000 or $0.64 per basic and diluted share for the same period a year ago. Cash flow used in operating activities was $1,355,000 against $1,254,000 for the same period a year ago. The net loss realized in the second quarter of 2016 is 63% lower when compared to the same period in 2015 as a result of continued cost management and a consumable inventory write-down of $2.3 million in the second quarter of 2015 owing to lower realized re-sale prices achieved. For the six months, the company reported net loss and comprehensive loss of $6,608,000 or $0.17 per basic and diluted share against $9,196,000 or $0.86 per basic and diluted share for the same period a year ago. Cash flow used in operating activities was $2,197,000 against cash flow provided by operating activities $387,000 for the same period a year ago.