Trakopolis IoT Corp. reported earnings results for the fourth quarter ended December 31, 2016. For the quarter, the company reported revenue of $1.214 million, which represents a 8% increase over same quarter in 2016. The increase was mainly driven by growth in hardware sales through units deployed through a strategic partnership in gas detection integration. Adjusted LBITDA was $522,000 for the quarter, this compared to $697,000 from the same period in 2015, representing a 25% improvement. A net loss of $3.824 million was recorded for the quarter This is compared to $1.089 million from the same period in 2015. The net loss for the quarter included $3.285 million of transaction costs related to the reverse takeover of TSXV shell company of which $3.009 million was non-cash.

The financial year end of the company was changed from June 30 to December 31.