BuildingIQ, Inc. announced consolidated earnings results for the half year ended June 30, 2018. For the year, the company reported revenue of AUD 3,660,229 compared to AUD 2,135,524 a year ago. Revenue & other income was AUD 4,165,952 compared to AUD 2,702,391 a year ago. Loss before income tax was AUD 2,001,969 compared to AUD 2,228,654 a year ago. Loss after income tax expense for the period was AUD 2,001,969 compared to AUD 2,228,654 a year ago. basic and diluted loss per share was AUD 0.9 compared to AUD 2.6 a yea ago. Net cash used in operating activities was AUD 1,364,673 compared to AUD 2,568,800 a year ago. Payments for plant and equipment was AUD 24,769 compared to AUD 114,749 a year ago. Payments for intangible assets was AUD 1,161,059 compared to AUD 699,408 a year ago.

The Company is targeting a number of second half financial and business targets: AUD 0.75 million Monthly Revenue Run Rate, booking of AUD 4.5 million (Contracted Revenue) and Exit second half of 2018 with Annual Contracted Revenue > AUD 8.5 million.