cloudBuy PLC announced audited group earnings results for the year ended December 31, 2018. For the year, on group basis, the company reported revenue of £1,108,547 compared to £1,504,067 a year ago. Operating loss was £1,717,818 against £2,349,944 a year ago. Loss for the year attributable to equity shareholders of the parent was £2,192,646 or 1.7 pence per basic and diluted share against £2,611,373 or 2.0 pence per basic and diluted share a year ago.

The company announced that the strategy for 2019 remains consistent from the previous two years. The company will optimize revenue from existing customers with a strong focus on cost management with PHBChoices, and the main growth engine showing strong signs of growth so far in 2019.