EXO U Inc. announced earnings results for the first quarter ended June 30, 2016. For the quarter, the company's adjusted LBITDA was CAD 1,381,682 against CAD 1,868,447 a year ago. Net loss was CAD 1,567,480 or CAD 0.02 per diluted share against CAD 2,101,648 or CAD 0.05 per diluted share a year ago. There was no revenue for the three months ended June 30, 2016 and in the corresponding period of the prior year. The absence of sales was attributable to the building of new sales channels with partners coupled with the timing of the launch of the newest versions of the Company's product offerings, Ormi and Ormiboard.