Sarine Technologies Ltd. provided earnings guidance for the first quarter of 2015. The company said that its business activity was significantly affected during the first quarter of 2015. Revenues for the quarter were impaired by around 50% as compared to the same quarter 2014.

It is noteworthy that its recurring revenues were not similarly impaired year over year. Though the actual carats processed increased by some 6%, in comparison to first quarter of 2014, as a trend toward smaller diamonds production was evidenced, it did see an approximate 20% drop in recurring revenues. With anticipated expanded operating expenditures in 2015 primarily for Research and Development and Sales and Marketing, in accordance with on-going strategic product development and launch plans, the confluence of these factors and conditions has negatively impacted group's profitability for the quarter, and it expects to more or less break even (EBITDA and cash flow should be positive).