Mobile Embrace Limited reported unaudited consolidated earnings results for the first half year ended December 2016. For period, revenue was AUD 27,079,803 as compared to AUD 27,997,126 for the same period last year. Net profit for the year was AUD 721,043 as compared to AUD 2,790,548 for the same period last year. Profit before income tax was AUD 976,366 against AUD 3,377,406 a year ago. Net profit for the period was AUD 721,043 against AUD 2,790,548 a year ago. Basic earnings per share were 0.16 cents as compared to 0.73 cents for the same period last year. Diluted earnings per share were 0.15 cents as compared to 0.68 cents same period last year. Net cash used in operating activities was AUD 2,181,612 as compared to net cash provided by operating activities AUD 2,071,169 for the same period last year. Purchase of property, plant and equipment was AUD 597,346 against AUD 362,826 a year ago. Purchase of intangible assets was AUD 2,782,851 against AUD 1,219,543 a year ago. EBITDA was AUD 2,133,434 against AUD 4,058,577 a year ago.

For the fiscal year 2017, group revenue is estimated to be AUD 52 million and EBITDA to be between AUD 5 million and AUD 6 million.