Pyrolyx AG reported audited consolidated earnings results for the year ended December 31, 2015. For the period, the company reported revenues of €1,364,700 against €10,900 reported last year. Operating loss was at of €5,343,000 against €3,412,000 reported last year. Loss before tax was at €6,407,900 against €3,976,800 reported last year. Net loss was at €9,460,400 against €3,490,900 reported last year. Cash used in operating activities was at €5,117,000 against €2,237,200 reported last year. Investment in to long term intangible assets was at €9,700 against €210,000 reported last year.

For the full year 2016, the company anticipates group revenue below that recorded in 2015 and to total less than €1 million. No sales of technical components (by Pyrolyx Invent GmbH) are expected in 2016, compared to turnover of about €1.1 million in 2015.