Defenx Plc announced unaudited consolidated earnings results for the six months ended June 30, 2017. For the six months, the company's revenue was £3,133,764 against £2,320,483 a year ago. Operating loss before transaction costs was £1,311,812 against £969,000 a year ago. Loss before tax was £1,481,372 against £451,141 a year ago. Loss for the year attributable to owners of the parent was £1,146,429 against £458,298 a year ago. Loss per diluted share was 0.095 pence per share against 0.066 pence per share a year ago. Net cash flow from operating activities was £255,929 against £449,014 a year ago. Purchase of property, plant and equipment was £4,354. Free cash outflow was £2,060,000 against £1,180,000 a year ago.

For the year, the company expects that the full year revenue outcome is dependent on when a small number of high value contracts start and the treatment of the resultant billings under the company's revenue recognition policy. This may have an adverse effect both on the company's revenue and profits for the full year.