Adgorithms Ltd. reported consolidated earnings results for the year ended Dec. 31, 2015. For the period, the company reported revenues of $22,076,000 against $20,157,000 a year ago.

Operating loss was $6,654,000 against operating profit of $4,565,000 a year ago. Loss before taxes on income was $6,174,000 against income before taxes on income of $4,665,000 a year ago. Net loss was $6,855,000 or $0.15 per diluted share against net income of $3,374,000 or $0.11 per diluted share a year ago.

Net cash provided by operating activities was $1,145,000 against $4,547,000 a year ago. Purchase of property and equipment was $51,000 against $105,000 a year ago. Adjusted EBITDA decreased 68% to $2,165,000 against $6,882,000 a year ago.