SimiGon Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2017. For the period, the company reported revenues were $2.194 million compared to $3.285 million a year ago. Loss before income taxes was $0.466 million compared to income before income taxes of $0.810 million a year ago. Basic and diluted LPS was $0.01 compared to basic and diluted EPS of $0.02 a year ago. Operating loss was $0.455 million compared to operating profit of $0.792 million a year ago. Net loss was $0.452 million compared to net income of $0.831 million a year ago. Total comprehensive loss attributable to equity holders of the company was $0.450 million compared to total comprehensive income attributable to equity holders of the company of $0.825 million a year ago. Net cash provided by operating activities was $0.534 million compared to $1.307 million a year ago. Purchase of fixed assets was $0.010 million compared to $0.045 million a year ago.

The company provided earnings guidance for the fiscal year 2018. For the period, the company expects contracted revenue of an amount over $5 million.