TERN plc reported earnings results for the year ended December 31, 2015. For the year, the company reported turnover of £162,500 compared to £41,000 a year ago. Operating loss was £172,427 compared to £20,654 a year ago.

Loss before tax was £185,121 compared to £53,695 a year ago. Loss was £185,121 or 0.37 pence per diluted share compared to £53,695 million or 0.33 pence per diluted share a year ago. Net cash used in operations was £79,159 compared to £326,328 a year ago.