Adgorithms LTD reported unaudited consolidated earnings results for the six months ended June 30, 2016. For the period, the company reported revenues of $8,691,000 against $12,256,000 a year ago. Operating loss was $3,547,000 against $5,372,000 a year ago. Loss before taxes on income was $3,578,000 against $4,770,000 a year ago. Net loss was $3,578,000 or $0.58 per basic and diluted share against $5,200,000 or $0.16 per basic and diluted share a year ago. Net cash used in operating activities was $2,814,000 against net cash provided by operating activities of $3,703,000 a year ago. Purchase of property and equipment was $133,000 against $24,000 a year ago. Adjusted LBITDA was $2.7 million against $2.6 million a year ago, due to downward margin pressure caused by disruption to both supply and demand on advertising exchanges, and the investment to support the launch and promotion of the SaaS platform. Adjusted operating loss was $2.667 million against adjusted operating profit of $2.612 million a year ago.