Adgorithms LTD reported unaudited consolidated earnings results for the six months ended June 30, 2015. For the period, the company reported revenues of $12,256,000 against $6,791,000 a year ago. This growth was driven by the growth of video advertising and other indirect activity.

Operating loss was $5,372,000 against operating profit of $471,000 a year ago. Loss before taxes on income was $4,770,000 against income before taxes on income of $391,000 a year ago. Net loss was $5,200,000 or $0.16 per basic and diluted share against net income of $45,000 or $0.0016 per diluted share a year ago.

Net cash provided by operating activities was $3,703,000 against $918,000 a year ago. This was mainly due to an improvement in receivables achieved during the period, as a result of implementation of better account receivable management procedures implemented by the company during the period. Purchase of property and equipment was $24,000 against $11,000 a year ago.

Adjusted EBITDA grew 5% to $2,612,000 against $2,491,000 a year ago. Adjusted income before taxes on income grew 73% to $3,201,000 against $1,850,000 a year ago.