Astea International Inc. reported earnings results for the quarter ended March 31, 2017. For the quarter ended March 31, 2017, the company reported revenues of $6 million compared to revenues of $5.3 million for the same period in 2016. Net loss for the quarter was $0.7 million or $0.22 per share compared to the similar loss for the same period in 2016. Software license revenues were $0.2 million compared to $0.8 million for the same period in 2016. Adjusted EBITDA was negative $0.4 million for both the quarter ended March 31, 2017, and the same period in 2016. This measure eliminates the variation in its operating results that occur from accounting rules related to the deferral of hosting and implementation fees on hosted customers as well as the rules related to the capitalization and amortization of development costs. Subscription revenues were $0.8 million compared to $0.5 million for the same period in 2016. Service and maintenance revenues were $5 million compared to revenues of $4 million for the same period in 2016.

The company expects that in the second half of the year 2017, that it will be profitable.