ICTV Brands Inc. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2015. Revenues for the three months ended December 31, 2015 were $4.4 million, compared to $8.6 million in the prior year quarter. The primary driver of the decline in sales was generated by the company's decrease in media related expenditures as reduced the amount of airings of the DermaWand infomercial and allocated additional resources to other products and initiatives in pipeline. Net loss for the fourth quarter was $582,000, compared to a net loss of $1.4 million in the prior year quarter. The resulting diluted LPS is $0.02, as compared to $0.06 in the comparable quarter a year earlier. Adjusted loss before interest, taxes, depreciation, and amortization was $454,000 as compared to $1.1 million. Operating loss was $582,397 against $1,425,348 for the same period of last year. Loss before provision for income tax was $582,070 against $1,425,978 for the same period of last year.

Revenues for the year ended December 31, 2015 were $24.1 million, compared to $32.3 million for the year ended December 31, 2014. The primary driver of the decline in sales was generated by the aforementioned decrease in media related expenditures and a decline in international third party distributor revenue. Net loss for the year ended December 31, 2015 was $1.4 million, compared to a net loss of $2.3 million in the year ended December 31, 2014. The resulting diluted LPS is $0.06, as compared to $0.10 in the year ended December 31, 2014. Adjusted LBITDA was $768,000 as compared to $1.0 million for year ended December 31, 2014. Operating loss was $1,388,228 against $2,297,893 for the same period of last year. Loss before provision for income tax was $1,387,521 against $2,304,996 for the same period of last year. Net cash used in operating activities was $1,514,821 against inflow of $161,169 for the same period of last year.