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For the six months ended 30 June 2018, Updater Inc revenues increased from $505K to $3.8M. Net loss increased from $5.7M to $14.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects General and administrative expense increase from $2.9M to $9.2M (expense), Research and development expense increase from $1.3M to $4.4M (expense).
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Revenue | 3.82 | 1.73 | 0.51 | 0.41 |
Gross Profit | 3.41 | 1.67 | 0.48 | 0.39 |
Operating Income | -15.02 | -10.48 | -5.85 | -5.34 |
Net Income | -14.72 | -7.94 | -5.73 | -5.34 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Total Assets | 63.92 | 73.74 | 29.55 | 33.8 |
Total Liabilities | 5.93 | 3.26 | 0.75 | 0.38 |
Total Equity | 57.99 | 70.48 | 28.8 | 33.42 |
Period Ending: | Jun 30, 2018 | Dec 31, 2017 | Jun 30, 2017 | Dec 31, 2016 |
---|---|---|---|---|
Period Length: | 6 Months | 12 Months | 6 Months | 12 Months |
Cash From Operating Activities | -9.83 | -11.73 | -4.5 | -5.45 |
Cash From Investing Activities | -1.66 | -17.78 | -0.41 | -1.11 |
Cash From Financing Activities | 0.4 | 44.16 | 0.03 | 22.21 |
Net Change in Cash | -11.09 | 14.66 | -4.89 | 15.65 |
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