SimiGon Ltd. reported unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenues were $2,395,000 compared to $2,194,000 a year ago. Loss before income taxes was $672,000 compared to $466,000 a year ago. Net loss was $706,000 compared to $452,000 a year ago. Net loss attributable to equity holders of the company was $714,000 compared to $448,000 a year ago. Basic and diluted loss per share was $0.01 compared to $0.01 a year ago. Net cash used in operating activities was $1,044,000 compared to Net cash provided by operating activities $534,000 a year ago. Purchase of property, plant and equipment was $10,000 compared to $10,000 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.