CloudBuy plc announced earnings results for the year ended 31 December 2018. As previously announced, contracts won in 2016 continue be positive for the Company, although non-renewal of older legacy contracts and a continual decline in Company Formation revenue has resulted in revenue falling 25% year on year. Cost savings have continued to be implemented in 2018 resulting in a reduction in Operating Loss before share based payments of approximately 25% compared to 2017.