Horizon Discovery Group plc reported audited consolidated preliminary earnings results for the year ended December 31, 2017. For the period, the company reported revenue was £36,510,000 compared to £24,074,000,000 a year ago. Operating loss was £13,897,000 compared to £12,363,000 a year ago. Loss before tax was £14,337,000 compared to £12,456,000, a year ago. Loss for the year was £9,650,000 compared to £11,433,000, year ago. Basic and diluted loss per share was 8.4 pence compared to 12.1 pence per share a year ago. Net cash flow used in operating activities was £13,871,000 compared to £8,151,000 a year ago. Purchases of property, plant and equipment was £2,340,000 compared to £5,726,000 a year ago. Purchase of intangible assets was £1,725,000 compared to £2,733,000 a year ago. EBITDA from Products and Services before exceptional items and non-recurring site closure costs of £1.1 million compared to loss of £4.0 million a year ago.

For the year 2018 the group made is trading in line with Board expectations for the full year. The group expect its revenues to be weighted to the second half of the year. It expects continue to deliver solid growth in 2018.