eve Sleep Plc announced unaudited consolidated earnings results for the six months ended June 30, 2018. For the period, revenue was £18.8 million, operating loss before IPO related expenditure and share based payment charge was £11.9 million, operating loss was £12.0 million, loss before tax was £12.0 million and loss for the period was £12.0 million or 8.66 pence per basic and diluted loss per share against revenue of £11.5 million, operating loss before IPO related expenditure and share based payment charge of £6.9 million, operating loss of £9.1 million, loss before tax of £9.1 million and loss for the period of £9.1 million or 9.46 pence per basic and diluted loss per share for the same period a year ago. Net cash outflow from operating activities was £9.7 million against £8.2 million a year ago. Adjusted EBITDA loss was £11.9 million against £6.9 million a year ago. The Group achieved revenue growth of 63% for the six months ended 30 June 2018, which by most standards would be viewed as a very good result, given the challenging retail backdrop. However, the performance fell considerably short of eve's own expectations and those of the market. The shortfall was primarily due to over expanding into too many countries too quickly, without the necessary financial resources and management bandwidth to sustain the growth.