LightwaveRF Plc reported unaudited consolidated earnings results for the six months ended March 31, 2018. For the period, the company reported revenue of £1,131,699 against £ 1,173,973 a year ago. Operating loss was £872,933 against £326,394 a year ago. Loss before taxation was £874,547 against £333,222 a year ago. Loss and total comprehensive income attributable to equity shareholders of the parent was £874,547 against £333,222 a year ago. Basic and diluted loss per share was 1.73 pence against 1.30 pence a year ago. Cash flow used in operating activities was £1,937,536 against £949,435 a year ago. Purchase of property, plant & equipment was £43,661 against £9,622 a year ago. First half revenue was held back by the significant restructuring of distribution arrangements, the company believes the changes made now position the Company for future revenue growth.

The company expects to see revenue growth in the second half of 2018.